Date: Tue, July 22, 2025 | 06:10 PM GMT
The broader cryptocurrency market continues to ride a bullish wave, led by Ethereum (ETH), which has surged 19% over the past week and is now trading above $3,700. This positive sentiment is spilling into promising memecoins — and Dogwifhat (WIF) is showing signs of further upside momentum.
WIF has gained 13% over the last 7 days, extending its monthly rally to a solid 79%. But beyond the price surge, traders are closely watching an emerging fractal pattern that mirrors the powerful breakout structure recently seen in PENGU.
WIF Mirrors PENGU’s Breakout Setup
A side-by-side look at PENGU and WIF daily charts highlights a strikingly similar trajectory.
PENGU recently executed a textbook falling wedge breakout, a bullish reversal pattern. After reclaiming both its 50-day and 100-day moving averages, PENGU used these levels as a launchpad, bouncing between red and blue zones before rallying 149% in a multi-leg surge.
Now, WIF is tracking the same path.
WIF has broken out of its falling wedge and reclaimed its 50-day and 100-day MAs, just like PENGU did.
It’s now consolidating within the red resistance zone — the same stage where PENGU gathered strength before its explosive next leg higher. This setup is a classic fractal, where similar price structures suggest a potential repeat of past moves.
What’s Next for WIF?
If this fractal continues to unfold, a breakout above the red resistance zone could spark WIF’s next rally, potentially targeting $2.40 — representing a 100% move from current levels.
However, confirmation is crucial. Until WIF breaks decisively above the $1.326 red box resistance, there remains a chance of additional consolidation or sideways action before the next breakout attempt.
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