Date: Sat, July 19, 2025 | 05:45 AM GMT
The cryptocurrency market remains firmly bullish, with Ethereum (ETH) leading the surge — gaining 20% over the past week and now trading near $3,600. This momentum is spilling into the major memecoins, and Dogwifhat (WIF) is starting to show signs of another strong upward move.
WIF has climbed 8% in the last seven days, extending its 30-day gains to impressive 30%. But beyond the price gains, a key harmonic pattern emerging on the daily chart is hinting at the potential for significantly more upside.
Harmonic Pattern Suggests Upside Continuation
On the daily timeframe, WIF is forming a Bearish ABCD harmonic pattern. Despite its name, this pattern often supports bullish continuation during the CD leg — the final upward phase — before encountering resistance at the completion zone.
The pattern started at point A near $0.3046 in April, rallied sharply to point B around $1.3916, and then retraced to point C at $0.6360 in late June. From there, WIF has steadily pushed higher, now trading near $1.05 as it works through the CD leg.
According to harmonic projections, the 1.439 Fibonacci extension of the BC leg suggests a potential target near $1.7230. This level not only mirrors the AB leg’s move but also represents the Potential Reversal Zone (PRZ), where traders often expect profit-taking or a short-term pullback.
What’s Next for WIF?
If bullish momentum holds, WIF could rally another 62% from current levels before testing the $1.72 zone. Traders should monitor for signs of selling pressure at this resistance, but as long as WIF holds above its 200-day moving average ($0.8530), the structure remains supportive of further upside.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.