Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?

TL;DR

• Dogwifhat varieties a basic cup and deal with sample, setting stage for doable breakout rally.
• Analyst sees WIF breakout targets at $1.75, $2.20, $2.85, and $3.70 if construction holds.
• Whale buys and rising Open Curiosity gas bullish momentum as the worth reclaims the $1.20 neckline.

Sample Suggests Shift in Pattern

Dogwifhat (WIF) is buying and selling close to a key degree after forming a cup and deal with on the each day chart. This setup started in March with a rounded base and continued with a sideways vary into July. The value now sits simply above the neckline between $1.20 and $1.25.

At press time, WIF trades at $1.23, displaying an 11% improve prior to now week. If the worth stays above this degree, it might verify a breakout. Help from the 100-day easy shifting common, round $0.84, has helped form the sample over the previous few weeks.

Ranges to Watch Carefully

Notably, the primary space of assist is close to $1.00. Under that, the $0.84 mark traces up with the shifting common. A deeper pullback might deliver the worth again to $0.70, which acted as a ground throughout earlier consolidation.

If momentum continues, targets to observe are $1.75, $2.20, $2.85, and $3.70. These numbers mirror earlier value reactions and the depth of the cup formation. Analyst Jonathan Carter wrote, 

“If the sample holds, we might see the worth surge towards targets at $1.75, $2.20, $2.85, and $3.70.”

#WIF

Dogwifhat is able to breakout off the neckline of a cup and deal with sample on the each day chart

If the sample holds, we might see the worth surge towards targets at $1.75, $2.20, $2.85, and $3.70 pic.twitter.com/11DMO5pq9B

— Jonathan Carter (@JohncyCrypto) July 22, 2025

Buying and selling Exercise and Chart Alerts

The Relative Power Index (RSI) is now close to 70. This degree typically exhibits sturdy demand, although it might additionally counsel the necessity for a brief relaxation. On the amount profile, there’s a lighter zone above $1.30, which might permit sooner motion if the breakout continues.

Open Curiosity in WIF futures has grown to $660 million, in response to CoinGlass. That’s an 11.5% improve from the earlier week. Extra curiosity in futures typically factors to rising capital inflows from each side of the market.

A current buy by the agency WIFStrategy added to the momentum. On July 13, they acquired 500,000 WIF tokens. The value jumped 30%, hitting $1.30 earlier than settling close to $1.22. This transfer pushed WIF above its earlier channel, the place it stays on the time of writing.