Dogwifhat (WIF) Rebounds to $0.77 as Bulls Defend Key Support

Dogwifhat is staging a cautious recovery this week after enduring weeks of selling pressure that drove prices well below earlier highs.

The meme-inspired token has bounced from recent lows, reclaiming the $0.77 level, with traders now watching whether momentum can carry it back toward stronger resistance zones.

While the latest technical signals show tentative signs of strength, the asset remains at a critical crossroads that will determine its direction into the final quarter of 2025.

Chart Patterns Highlight Defense of Support

A chart shared by analyst Emijaop.Turbo on X illustrates the coin’s recent journey after sliding from highs around $1.39 earlier in the year.

The token retraced heavily, hitting a local low of $0.521, before stabilizing within a consolidation range. At present, WIF is attempting to carve out support above $0.75, a zone that could act as a springboard for another leg higher if buyers sustain their defense.

Source: X

Resistance levels near $1.10 and $1.27 stand out as the next hurdles to clear, while the longer-term upside target sits around $4.60, a level marked on the chart as a potential stretch goal.

Conversely, failure to hold above $0.75 could expose the token to deeper retracements toward $0.44 or even $0.35, where previous demand zones were established. This makes the current range particularly important for bulls looking to build momentum.

Market Data Confirms Uptick in Activity

According to the latest data, Dogwifhat is trading at $0.77, marking a 6.16% gain over the last 24 hours. The token holds a market capitalization of $768.7 million, supported by a daily trading volume of $189.7 million. Its circulating supply stands at 998.9 million tokens, keeping it ranked among the top 140 cryptocurrencies by market cap.

Source: BraveNewCoin

The rebound reflects a modest return of buying interest after weeks of cooling momentum. While volumes remain below peak levels seen earlier this year, the current activity suggests that traders are re-engaging with the asset as it tests a crucial support zone.

Sustaining daily volumes above $150 million will be key for bulls to confirm that accumulation is taking place at current price levels.

Technical Indicators Show Tentative Optimism

From a technical perspective, WIF’s TradingView chart shows the token consolidating after its sharp decline. The Chaikin Money Flow (CMF) indicator registers at 0.06, signaling modest capital inflows.

While this reflects cautious optimism and a tilt toward buying pressure, it is not yet a strong bullish confirmation. Traders will be watching for sustained CMF values above 0.10, which would reinforce confidence in a recovery rally.

Source: TradingView

Momentum readings from the MACD (12, 26, close) align with this cautious tone. The MACD line remains just below the signal line, with the histogram printing small negative bars. This setup indicates that bearish momentum is fading but not fully neutralized.

A bullish crossover, where the MACD line rises above the signal line, could serve as the technical trigger for a renewed push toward $0.85–$0.90 in the short term. Until then, the token remains in a neutral-to-slightly bearish posture, with upside potential hinging on confirmation signals.