Dogwifhat Price Prediction: WIF Forms Ascending Triangle With 3x Potential

WIF has maintained a consistent upward trend on the daily timeframe, consolidating beneath a critical resistance level while forming a clear ascending triangle structure.

This pattern, marked by higher lows and static resistance, typically indicates mounting buying pressure. Market participants are closely watching this consolidation zone for signs of a breakout. Price action has stayed resilient, supported by steady volume and encouraging technical indicators.

Analyst Dogwifhat Price Reveals Bullish Setup Near Key Resistance

The ascending triangle highlighted by analyst LTS (@LTSTrading) on the WIF/USDT daily chart presents a horizontal resistance zone around USDT 1.08 to 1.10. This level has capped previous advances since April 2025, while higher lows continue to form along a rising trendline.

The triangle signals persistent bullish intent, with the current price pushing up against the upper boundary. This compression of price action beneath resistance is often interpreted as a precursor to breakout attempts, particularly when accompanied by elevated trading activity.

Source: X

Should WIF decisively break and close above the USDT 1.10 zone, the measured move target projects toward USDT 2.16, reflecting a near 2x move from the breakout level. This projection aligns with the upper target range identified in the chart. Risk management parameters suggest a stop-loss near USDT 0.87, just below the ascending trendline.

The structure enables precise positioning, offering a potentially favorable risk-reward ratio. The triangle has been forming over a two-month period, which statistically increases the reliability of its breakout signal.

Volume Stability and Consolidation Underscore Growing Interest

Additionally, the 24-hour chart shows moderate volatility in WIF price action, with intraday trading centered around the USDT 1.10 level. Although a brief spike toward USDT 1.111 was observed, resistance remained intact. The price showed a slight pullback in the latter half of the session, with rotation visible between local highs and lows.

This range-bound movement suggests ongoing accumulation without definitive breakout momentum yet. Trading volume reached USDT 771.9 million, maintaining significant market liquidity and reinforcing consistent participant engagement.

Source: BraveNewCoin

Market capitalization stood at USDT 1.09 billion, with a total supply of nearly 999 million tokens, placing WIF at position 107 globally. Despite failing to close near the session high, price action remains buoyant, and recent dips have been met with support between USDT 1.05 and 1.06.

The brief upward slope seen between July 17 and early July 18, followed by a controlled pullback, may indicate a base forming for another retest of the resistance region near USDT 1.12. A move above this threshold will depend on a rise in volume during key market sessions.

Technical Indicators Show Strength at the Time of Writing

At the time of writing, the daily WIF/USDT chart on Binance reflects strengthening bullish signals supported by expanding Bollinger Bands and rising Bull-Bear Power (BBP). The price remains near the upper band at USDT 1.131, trading at USDT 1.099, while the 20-day simple moving average (basis) sits at USDT 0.943.

Sustained movement along the upper band, without sharp rejections, often indicates active buying and potential for continuation. The price consistently holding above the midline throughout July suggests that momentum is building after a prolonged consolidation phase in June.

Source: TradingView

The BBP indicator currently reads +0.186, its highest point since May, confirming a gradual return of bullish strength. The indicator has moved from neutral into strongly positive territory over recent weeks. This reinforces the case for continued price advancement, particularly if the price remains supported near or above current levels.

If WIF closes above USDT 1.13 in the coming sessions, the next technical resistance zone sits around its prior high of USDT 1.47. Momentum and volume confirmation will determine whether the current pattern matures into a full breakout scenario.