Dogwifhat Just Broke $0.65 And The Charts Are Looking Juicy
May 2, 2025 at 11:14 AMby The Block Whisperer
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Dogwifhat breaks $0.65 resistance with bullish indicators pointing to further gains amid broader memecoin revival.
WIF finally broke the $0.65 resistance zone that everyone has been watching for weeks.
The memecoin is setting up for another leg higher while Bitcoin maximalists continue arguing about spot ETF outflows.
For a dog wearing a hat, this thing has been surprisingly resilient.
WIF's uptrend remains intact with higher lows forming since April.
Every dip gets bought up before it can even reach the 20-day moving average.
The MACD is flashing bullish signals for the first time since the early April pump.
RSI isn't even close to overbought yet, sitting comfortably at 58 with plenty of room to run higher.
Breaking $0.652 opens the door to previous resistance at $0.703.
After that, $0.729 becomes the next target before the significant psychological $1 level comes into play.
Some traders are eyeing $1.09 as the moonshot target if momentum accelerates.
The price action is giving off serious pre-pump vibes similar to what we saw in February.
If things turn south, $0.609 should provide the first line of defense.
Below that, $0.591 aligns with the 9-day EMA and recent lows of consolidation.
The absolute must-hold level sits at $0.549 – lose that, and the entire uptrend comes into question.
Smart money has been setting bids in these zones for the next leg up.
The breakout buyers are already piling in above $0.652 with stops below $0.609.
Pullback traders are waiting for a retest of the breakout level, treating previous resistance as new support.
The risk/reward looks juiciest on pullbacks to $0.609 with targets at $0.729.
Shorting this setup is like trying to catch a falling knife, except the knife is actually a rocket.
The forecast models are all over the place – Binance is predicting a range of $0.51 to $2.38 by next April.
CoinCodex thinks we'll see $1.75 by next summer.
Benzinga's projections suggest 471% upside from current levels by 2025.
The most degenerate price targets are coming from CoinLore, with some models suggesting $6.49 by late 2025.
WIF is outperforming 94% of the top 100 tokens over the past month.
Memecoins are showing relative strength again while DeFi and Layer-1 tokens struggle.
Solana's memecoin ecosystem is attracting new capital during what is typically the summer lull.
The dog tokens are barking again, and WIF is leading the pack.
This is still a memecoin with exactly zero utility beyond number-go-up technology.
Take profits along the way instead of diamond-handing to zero like an idiot… and we’re speaking from experience here.
Set your price alerts, stick to your trading plan, and remember that trends change fast in this industry, so be ready to pivot on a dime.
Smart money buys support and sells resistance – they don't FOMO in after massive green candles.
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