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

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Can Open USD support Stripe's ambitions?

Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."

Blockchain Capital Partner: AI is rewriting the fundamental unit of labor

The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

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