WIF Breaks Out of Falling Wedge, Eyes $1.70 in Meme Coin Resurgence
By: cryptosheadlines|2025/05/03 15:00:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com WIF breaks out of the falling wedge after 140% rally, signaling bullish momentum.Analysts see $0.75 as weak resistance, with price targets set at $1.70 and $2.00.Smart money invests $118K in WIF as bullish RSI divergence supports further upside.Dogwifhat (WIF) remains one of the better-looking altcoins in the Solana ecosystem, currently ranging in price before a potential move. Analysts expect WIF to lead the next phase of the meme coin rally. The $0.75 level is not considered a strong resistance, with buyers watching closely for expansion.WIF Price Breaks Out of Key Pattern with Bullish MomentumAccording to analysis prepared by Solberg Invest on X, WIF recently broke out of a falling wedge pattern, which is often seen before upward price moves. This development came after a rally of nearly 140% from its April 7th low, pushing the token to a local high of $0.72. Source :Solberg Invest(X)Despite a broad market pullback, WIF closed the month at $0.633, above its former resistance zone of $0.59–$0.60. The chart also revealed a hidden bullish divergence on the 4-hour RSI, showing price strength even as momentum indicators dipped. On Thursday, during a brief correction, WIF touched the 0.382 Fibonacci level from its April rally. Data from Stalkchain shows that $118,000 was invested into WIF by smart money during that move.Analysts Project Further Upside and Dismiss $0.75 as ResistanceWhile some technical traders highlight $0.75 as a resistance area, multiple analysts suggest that the level lacks strength. According to Solberg Invest, a break above $0.72 could complete an inverse head-and-shoulders pattern, commonly linked to bullish outcomes in meme coin charts.$WIFOne of the better-looking altcoins that is still waiting for its time to shineRanging before expansion and expecting it to lead next.0.75 is not a real resistance levelTime reveals... pic.twitter.com/YUwqJcWln9— Trader Koala (@trader_koala) May 2, 2025Price targets for the short term include $1.70 and potentially $2, aligning with WIF’s macro Fibonacci levels. With WIF still trading 86% below its all-time high, many consider the altcoin to be undervalued. As interest grows in Solana-based meme coins, Dogwifhat may be positioned to lead the next market expansion.Source link
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