After a brutal 92% drawdown from its all-time high of $4.19 in November 2024, dogwifhat (WIF) is staging a powerful comeback. The memecoin has surged 190% in the past month, reclaiming the critical $1.00 level after hitting a 14-month low of $0.32 during April’s market pullback — prompting renewed interest in a bullish WIF price prediction from traders and analysts alike.
The broader memecoin sector had faced exhaustion earlier this year following controversial launches like TRUMP and LIBRA. This downturn pushed WIF below $1.00 for the first time in a year. However, April's bounce to $0.60 reignited bullish sentiment, culminating in a breakout to $1.32 earlier this week — a three-month high.
Currently trading between $1.00 and $1.20, WIF is retesting key support after a dip to $0.95. Traders like Rose Premium note a bullish structure forming, supported by Fibonacci zones in the $0.95–$0.98 range. A strong hold above $1.00 could set the stage for a run toward $1.15, $1.26, and potentially $1.37.
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Technical momentum is also being fueled by a symmetrical triangle breakout above $1.05, with analysts targeting a $1.50 rally — a level that served as a crucial support during 2024’s retracements.
Spot data from Coinalyze shows buyer dominance, with a 6.18 million token positive delta and 68% of futures positions in longs. Despite this, exchange inflows have surpassed outflows, creating some short-term sell pressure, as reported by CoinGlass with a netflow of +$5.09 million.
Still, rising demand and strong bullish positioning across futures suggest growing confidence in WIF’s trajectory. If the memecoin maintains its grip above $1.00 and market sentiment holds, a push to $1.50 and beyond may be imminent.
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