Dogwifhat Price Analysis

With a bullish recovery in the broader market, the meme coins and the AI tokens are back in trend. As the buying pressure increases, these community and hype-driven tokens are making new highs with a potential breakout rally ahead. 

Dogwifhat (WIF) 

With a similar huge falling wedge pattern, the WIF token is in a bearish trend. However, the meme coin takes a lateral route after reaching the crucial support level of $1.25. 

Currently, the meme coin is facing heat from the 50-day EMA that recently gave a death cross with the 200-day EMA. However, the bull cycle within the falling wedge will likely gain momentum as the MACD indicator gives a bullish crossover, and two consecutive bullish candles account for a price jump of 13.52%. 

Currently, the meme coin is trading at $1.67 and is ready to surpass the 50-day EMA. A dynamic resistance breakout will challenge the overhead resistance trendline before reaching the $2.00 psychological mark. 

This breakout rally will potentially surge the meme coin back to its 52-week high near the $4.58. Hence, with a massive upside of almost 200%, this is a breakout rally one cannot afford to miss.