Dogwifhat Price Prediction: WIF Breaks Wedge, Analysts Eye 150% Surge to $2

Dogwifhat (WIF) has broken through a key technical pattern, signaling what analysts say could be the beginning of a larger upward trend. The token recently moved out of a descending wedge that had restricted price growth since early May.

This shift, paired with renewed volume participation and technical momentum, places WIF among meme coins gaining renewed attention. As of July 7, the price is hovering near $0.884, with analysts targeting higher levels in the near term.

Reversal Confirmed as Volume Follows Price

According to analyst Alice Crypto (@Allice_Crypto), WIF has exited a long-standing descending wedge, setting the stage for a potential price rally. The breakout formed around the $0.82–$0.84 range, an area that had served as critical support over several weeks.

This zone has now been flipped into a base, providing structural backing to the new bullish formation. Repeated intraday bounces around this level contributed to a solid foundation for the breakout.

Source: X

Volume has risen consistently since the breakout, supporting the validity of the trend shift. The daily chart shows candles with higher lows closing above the previous downtrend line, indicating steady momentum. Alice’s analysis includes a projection that places the next major resistance at $1.26, with extended targets reaching up to $2.10.

This forecast is derived from Fibonacci extensions and the measured height of the wedge, both commonly used tools in pattern-based technical analysis. The breakout appears technically sound, and further accumulation near the breakout level may suggest continued interest from short-term and swing traders.

Price and Volume Alignment Supports Upside Continuation

Over the past 24 hours, Dogwifhat has gained 4.64%, closing the session at $0.884. The price rose steadily from an intraday low of $0.83, reaching a high of $0.89 before consolidating. The trading structure throughout the session suggests a “controlled climb,” with no major pullbacks disrupting the uptrend.

A series of higher intraday lows confirmed the presence of continued demand, particularly during the afternoon trading window when the steepest price increases occurred.

Source: BraveNewCoin

Volume for the same period reached $381.32 million, reflecting substantial participation, especially during the price surge between midday and the evening hours. The spike in volume aligns with the timing of the breakout, suggesting that buyers are entering positions in anticipation of further gains.

The market cap has also risen to $882.3 million, while the total circulating supply stands at approximately 998.9 million WIF. A break above $0.90 remains key, as it could act as a launch point toward higher price targets, including $1.26 and potentially $2.10, provided volume and sentiment continue to align.

Technical Indicators Show Improving Momentum

Recent technical indicators continue to support the bullish setup. The daily close at $0.884 remains above the midline of the Bollinger Bands, which is currently near $0.820. The widening of the bands suggests a potential volatility expansion, often a precursor to a more sustained directional move. Immediate resistance stands at the upper band around $0.946, while $0.694 remains the lower band support.

Source: TradingView

The MACD (Moving Average Convergence Divergence) indicator has printed a bullish crossover, with the MACD line rising above the signal line. Histogram bars have turned green and are gradually increasing, indicating strengthening momentum.

This crossover follows weeks of waning bearish pressure and suggests that the prior downtrend may be reversing. Traders are now watching whether daily closes can remain above $0.85, with volume and MACD trends offering insight into whether WIF is positioned to retest and potentially surpass the psychological $1.00 mark.