WIF Breaks Out of Falling Wedge, Eyes $1.70 in Meme Coin Resurgence

By: cryptosheadlines|2025/05/03 07:00:02
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com WIF breaks out of the falling wedge after 140% rally, signaling bullish momentum.Analysts see $0.75 as weak resistance, with price targets set at $1.70 and $2.00.Smart money invests $118K in WIF as bullish RSI divergence supports further upside.Dogwifhat (WIF) remains one of the better-looking altcoins in the Solana ecosystem, currently ranging in price before a potential move. Analysts expect WIF to lead the next phase of the meme coin rally. The $0.75 level is not considered a strong resistance, with buyers watching closely for expansion.WIF Price Breaks Out of Key Pattern with Bullish MomentumAccording to analysis prepared by Solberg Invest on X, WIF recently broke out of a falling wedge pattern, which is often seen before upward price moves. This development came after a rally of nearly 140% from its April 7th low, pushing the token to a local high of $0.72. Source :Solberg Invest(X)Despite a broad market pullback, WIF closed the month at $0.633, above its former resistance zone of $0.59–$0.60. The chart also revealed a hidden bullish divergence on the 4-hour RSI, showing price strength even as momentum indicators dipped. On Thursday, during a brief correction, WIF touched the 0.382 Fibonacci level from its April rally. Data from Stalkchain shows that $118,000 was invested into WIF by smart money during that move.Analysts Project Further Upside and Dismiss $0.75 as ResistanceWhile some technical traders highlight $0.75 as a resistance area, multiple analysts suggest that the level lacks strength. According to Solberg Invest, a break above $0.72 could complete an inverse head-and-shoulders pattern, commonly linked to bullish outcomes in meme coin charts.$WIFOne of the better-looking altcoins that is still waiting for its time to shineRanging before expansion and expecting it to lead next.0.75 is not a real resistance levelTime reveals... pic.twitter.com/YUwqJcWln9— Trader Koala (@trader_koala) May 2, 2025Price targets for the short term include $1.70 and potentially $2, aligning with WIF’s macro Fibonacci levels. With WIF still trading 86% below its all-time high, many consider the altcoin to be undervalued. As interest grows in Solana-based meme coins, Dogwifhat may be positioned to lead the next market expansion.Source link

-- Price

--

You may also like

How to choose between buying discounted ETH, Bitmine, and SharpLink?

The answer may not lie in whose story is told better, but in specific dimensions such as cost of holding, financing ability, liquidity, and whether the narrative can be realized.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

A South Korean company that learned the strategy of hoarding coins, from a bull market to delisting?

When the overall momentum of the Korean stock market is strong, this batch of cryptocurrency concept stocks, branded as the "Korean version of Strategy," finds itself at a crossroads of life and death.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com