- Dogwifhat retesting its trendline near $2.10 confirms a bullish breakout and signals strong momentum after months of decline.
- After falling 85% to $0.40, $WIF found stability in an accumulation zone before launching a powerful 65% recovery rally.
- The recent surge above resistance levels and growing trader confidence suggest $WIF could enter a sustained upward trend.
Dogwifhat ($WIF) is showing strong bullish momentum after successfully retesting its broken descending trendline. The meme coin has reclaimed the $2.10–$2.15 support zone, marking a major shift in sentiment.
After several months of high volatility, this retest indicates that bulls are in control. A break from a protracted downward trend is confirmed by the price activity. The possibility of a sustained upward trend in the near future is strengthened by traders’ perception that a textbook recovery is currently under way.
The cryptocurrency’s journey since early 2025 has been brutal. It began the year trading at $2.20 to $2.40. However, intense selling pressure caused a steep crash. By April, $WIF had plunged nearly 85%, hitting lows around $0.40. This sharp drop reflected both negative sentiment and possible concerns around fundamentals. Every attempt at a bounce failed as sellers dominated, creating a painful “staircase down” pattern for investors.
Source: Kamran Asghar
Accumulation Zone Marks Key Turning Point
Between March and May, the market shifted. $WIF stabilized in a narrow band between $0.40 and $0.70. This phase, often called an accumulation zone, showed signs of quiet accumulation by patient buyers. Smart money likely entered during this low-volatility period. Retail investors stayed hesitant, while experienced traders recognized the potential setup forming.
Besides, this sideways action created a solid base for a future rally. The chart displayed a healthy balance of buying and selling during this period. Consequently, it set the stage for a sharp reversal.
Explosive Rally Signals Market Shift
Starting from $0.70, $WIF launched an aggressive rally. It climbed over 65%, reaching $1.16. The price sliced through former resistance zones, now turning them into support. Additionally, recent green candles reflect growing investor confidence and rising momentum.
Moreover, the current uptrend shows a parabolic structure, often linked to sudden renewed interest or major catalyst news. The hat meme remains strong within the community, fueling optimism. Notably, the current trendline retest at $2.10 adds technical validation.
