The recent price action of Dogwifhat showcases notable volatility, mirroring the early stages of $USELESS’ journey. Following its listing on Binance Perps, it initially surged to a market cap of $440M, only to face a sharp pullback to $170M before reaching a multi-billion-dollar valuation.
This correction and subsequent rally reflect a familiar pattern seen after most Binance listings. As it continues to test critical support levels, market participants are closely watching its trajectory for signs of a potential breakout or further downside pressure.
With a market cap of $755.13 million and a supply of nearly 999 million tokens, its price volatility highlights its active market presence and potential for future growth. The current price movement, coupled with bullish projections, suggests that the asset may be gearing up for a new rally if it breaks through key resistance levels.
Overview of Dogwifhat Price Movement
Analyst Miyamoto suggests that the price has experienced notable volatility recently, reminiscent of early stages seen in similar tokens like $USELESS. Following its listing on Binance Perps at a valuation of approximately $440 million, it saw a sharp pullback, bottoming at around $170 million. After this correction, the token surged to a multi-billion-dollar valuation, peaking near $5 billion.
WIFUSDT Chart | Source:x
This price trajectory has drawn comparisons to $USELESS, which saw a similar correction after its Binance Perps listing at a valuation of around $400 million. Both tokens have been supported by strong communities, contributing to their respective price movements.
The token’s journey reflects broader market cycles, particularly the volatile nature of memecoins during certain phases of the crypto market. Although the token is testing key support levels, its ability to hold or break these levels will influence its future direction.
Dogwifhat Price Testing Critical Levels
As of early September 2025, its price is testing significant support at the $0.795 level, following a recent breakdown. The asset’s performance below this level is crucial in understanding whether further downside pressure will materialize. Chart analysis shows that the token has broken below a key support zone, which marks a shift in market sentiment.
The trendline from previous highs indicates a downward trajectory, signaling the potential for further declines if it fails to recover above established resistance. For traders and analysts, the price movements within this range are vital in determining the strength of the current market structure.
If the price fails to break above the $0.795 level, further downside toward lower targets could occur. However, market participants will be watching closely for confirmation of either a continued decline or an upward reversal.
WIFUSDT Chart | Source:x
Market Activity and Volatility
The price fluctuated between $0.72 and $0.78, with a peak near $0.80 before a slight retracement. This range reflects the characteristic volatility of altcoins, where price surges are often followed by corrections. During this 24-hour period, the altcoin experienced a market pullback of around 3.13% by the end of the day, indicating a slight consolidation after initial gains.
WIFUSD 24-Hr Chart |Source: BraveNewCoin
The trading volume during this period remained strong, reaching approximately $204.71 million, which suggests significant interest from both retail and institutional participants. This volume underlines the token’s active market presence and could point to continued short-term momentum. However, the price retracement after reaching $0.80 signals that market participants may be taking profits or consolidating their positions, awaiting further developments in the broader market.
Resistance Levels and Future Outlook
Looking ahead, the coin is facing key resistance at the $0.798 level. Breaking above this price could see the token targeting higher levels, with a bullish projection suggesting a potential upside of 35.33%, potentially reaching a target of $1.00. However, the price will need to sustain its move above this resistance zone to confirm this upward trajectory.
As it navigates through these critical resistance and support zones, market dynamics will continue to shape its price behavior. The upcoming days will be crucial in determining whether the token can break above its resistance and continue its bullish move or experience further declines.