Dogwifhat Price Prediction: Bullish Wedge Breakout Sets Stage for Massive $5 Surge

Dogwifhat (WIF) has returned to the spotlight with a renewed surge in price and momentum, signaling a possible continuation of its bullish structure.

A recent breakout from a recurring wedge formation has pushed WIF above the psychological $1.00 threshold, marking a technical shift in market behavior. With momentum indicators and volume metrics supporting the move, analysts are now closely watching resistance zones and extended upside targets.

Reversal Patterns Reinforce Bullish Structure

Technical insights from analyst @Attalos_Brgm highlight a series of falling wedge breakouts on the WIF/USDT chart, beginning with a pronounced downtrend from late 2024. That trend was confined within a descending wedge pattern until a breakout occurred in April 2025. A secondary, shorter-term falling wedge emerged in June and resolved upward, reinforcing the broader reversal narrative. These repeated breakout structures form the foundation of a gradually strengthening bullish trend.

Source: X

Currently, WIF is trading near $1.04 after breaching resistance around the $1.00 mark. Price action has shown consistently higher lows, with $1.03–$1.05 now acting as a resistance band under test. Future resistance zones identified at $1.20 and $1.79 represent interim targets, while a sustained breakout above those levels could open the path toward higher projections.

According to the chart shared, the pattern’s extension aligns with a potential rally toward $3.57, implying a substantial upside if current conditions persist.

Volume and Market Data Validate Breakout Potential

In addition, the 24-hour chart confirms a positive trend, with WIF recording a 2.09% gain to reach a high of $1.06 before stabilizing at $1.04. This movement came after an intraday low of $0.96, reflecting increased market activity during key sessions.

High volatility was observed between 16:00 and 18:00 UTC, where two price spikes signaled heightened demand. Trading volume remained strong throughout the day, with a reported $645.73 million in 24-hour activity.

Source: BraveNewCoin

Market cap currently stands at $1.034 billion, positioning WIF at Rank 101 among digital assets. With a circulating supply near 999 million tokens, the price trajectory reflects sustained demand.

Despite minor pullbacks, the consistency in trading volume and steady token circulation suggests continued interest from both retail and speculative participants. If volume levels remain above the $600 million threshold, a retest of the $1.10–$1.20 resistance range appears increasingly likely.

Indicators Signal Strength as WIF Approaches Mid-Term Targets

At the time of writing, WIF is trading at $1.04, showing a 2.77% daily gain on TradingView. The daily candle structure reflects an ongoing bullish continuation, with the asset pushing toward its previous high near $1.53. This movement follows a confirmed breakout above the $0.95 level, which now serves as a key support. The upward structure extends from a summer low near $0.30, forming a broader recovery pattern that remains intact.

Source: TradingView

The MACD indicator remains bullish, with the MACD line at 0.043 holding above the signal line at 0.025. The histogram continues to show expanding green bars, confirming growing positive momentum.

Additionally, the RSI currently reads 61.06, situated in bullish territory but below the overbought threshold. If RSI continues to climb toward 70 without divergence, momentum may push the price further toward the $1.50 level and potentially higher. A sustained breakout above $1.79 could provide the technical basis for a longer-term rally toward the $3.00–$5.00 range, provided volume and sentiment remain aligned.