- Dogwifhat (WIF) is showing signs of recovery in 2025 after a major price crash, with analysts predicting a potential surge to $6.12 if bullish momentum continues.
- Key indicators suggest a breakout is likely, making WIF one to watch in the memecoin space.
After a dramatic rise and equally sharp fall, Dogwifhat (WIF) is staging a potential comeback. Launched in late 2023 as one of the first memecoins on the Solana blockchain, WIF captured attention with its quirky branding and fast-moving price action. Now, in May 2025, after crashing nearly 90% from its March 2024 all-time high, WIF appears to be regaining momentum.
A Bullish Reversal in Sight?
Using wave count analysis, experts suggest WIF may have completed its A-B-C correction, setting the stage for a new bullish wave. Technical indicators show WIF recently broke out of a descending parallel channel, bouncing from the $0.93 Fibonacci retracement level and reaching $1.20 — a key resistance zone. A confirmed breakout above $1.45 would signal a strong upward continuation.
Also read: FARTCOIN Price Soars 300% as Bullish Indicators Signal More Gains Ahead
WIF Price Predictions: A Wide Range of Possibilities
According to CCN’s forecast on May 22, 2025, WIF could see significant volatility in the coming months. Their projections offer a wide price range for 2025:
- Minimum: $0.32
- Average: $5.12
- Maximum: $6.12
If the bullish pattern continues, WIF may reach a new all-time high of $5.12 by September 2025. However, any failure to break key resistance levels could result in a prolonged consolidation or retracement.
Volatility and Market Sentiment
The Average True Range (ATR) for WIF currently sits at 0.18, suggesting relatively low volatility. Meanwhile, the Relative Strength Index (RSI) hovers near neutral, indicating neither overbought nor oversold conditions. On the CCN Strength Index, WIF falls in the 50–59 bracket, signaling steady growth with room for upside.
What’s Next for Dogwifhat?
While a bearish scenario remains on the table, the technical and sentiment indicators favor a continued recovery. If momentum holds, WIF could reclaim its place among top-performing memecoins by year’s end.
As with all crypto investments, volatility is part of the ride — but for now, Dogwifhat seems to be barking up the right tree.