- WIF must hold above $0.87 to maintain its bullish trend and avoid a potential drop to $0.57.
- Technical indicators show mixed signals, with RSI near 48 and MACD remaining in bearish territory.
- Losing $0.87 could shift momentum, exposing support zones at $0.70, $0.64, and $0.57 based on past rallies.
Dogwifhat (WIF) is approaching a technical decision point as it tests the $0.87 support level. The broader bullish structure remains valid, but a confirmed close below this zone could shift momentum. At the time of writing, WIF was trading at $0.8614, reflecting short-term pressure around this important level.
Price Action Near Support and Key Technical Zones
According to analysis prepared by Ali Charts, WIF must hold above $0.87 to maintain its bullish outlook. The price recently rejected the $1.25 resistance level and retraced more than 6%, settling below the $0.90 value area.
This zone previously showed strong volume accumulation, which now acts as immediate resistance. If WIF loses the $0.87 support, the next major zone lies near $0.70, followed by deeper risk levels around $0.57.
These levels are based on past price interaction zones that supported multiple rallies. The $0.57 area marks a crucial downside target if momentum breaks down further. A rebound above $0.87 could reestablish short-term bullish confidence.
Technical Indicators and Trader Positioning Reflect Mixed Sentiment
WIF’s technical indicators suggest caution. The MACD histogram remains negative, while RSI hovers near 48, reflecting indecision. Stochastic levels are approaching oversold conditions, which could attract short-term buyers, but confirmation is still required. WIF continues to trade above the 200-day moving average, supporting a longer-term bullish trend.
According to an observation by Trader Koala, WIF must reclaim and hold above $0.87 to avoid deeper losses. He noted that losing this level may require reassessing the bullish outlook. Meanwhile, CME futures data shows sustained interest in WIF contracts, while market speculation around meme coins remains elevated.
Traders are watching the $0.87 level closely as a “make-or-break” zone. A bounce could open the way for a retest of resistance near $1.00, while failure to hold could expose the $0.64–$0.57 range.
