- WIF forms a textbook cup and handle pattern, with $1.39–$1.40 neckline as the key breakout zone.
- Trading volume surged 76.71% to $445.6M, signaling strong interest ahead of a potential breakout.
- Altcoin Season Index rises to 43 as WIF targets $1.37 and $1.82, supported by full token circulation.
Dogwifhat (WIF) is drawing renewed attention as it forms a textbook cup and handle pattern, a setup often associated with upward continuation. At the time of writing, the token is priced at $1.13, moving steadily toward the neckline, which is forming around the $1.39–$1.40 level.
Cup and Handle Pattern Nears Breakout Zone
According to analysis prepared by Ali Charts, WIF has developed a clean cup and handle formation between April and July 2025. The pattern features a rounded base followed by a consolidation phase, creating the handle. The neckline resistance now lies in the $1.39–$1.40 zone, which is being monitored closely by traders.
The current trend shows price consolidating just below this neckline, with support established between $1.07 and $1.09. WIF has held above this range for several sessions, with higher lows forming on the daily chart. The price reached a daily peak of $1.165, and the upward momentum remains active.
The cup and handle pattern is known for having a success rate of around 65% when confirmed by strong volume. While recent volume rose to $445.6 million, up 76.71% in 24 hours, analysts are watching for consistent inflows as confirmation for a breakout.
Volume, Market Activity, and Sentiment Remain Aligned
Data from CoinGecko shows Dogwifhat’s market capitalization at $1.13 billion, matching its fully diluted valuation, with a circulating supply of 998.84 million tokens. This confirms that the full token supply is already in circulation.
According to trader Rafaela Rigo, WIF shows a “great bullish pattern” with targets of $1.37 and $1.82. Meanwhile, the Altcoin Season Index rose to 43 on July 26, indicating growing interest in smaller-cap assets. If WIF manages a clean breakout above $1.40, price discovery could begin, with the next potential resistance zones near $1.47 and $1.82.
