Date: Sun, Sept 07, 2025 | 06:40 PM GMT
The cryptocurrency market remains slightly choppy as Bitcoin (BTC) consolidates near $111,000, while Ethereum (ETH) hovers around $4,275 after retreating from its recent high of $4,953. Despite this broader volatility, several memecoins are beginning to show upside potential — including Dogwifhat (WIF).
WIF is trading back in the green today and, more importantly, its chart is now displaying a key bullish pattern that hints at a potential breakout in the sessions ahead.
Falling Wedge in Play?
On the daily chart, WIF is shaping a Falling Wedge pattern — a setup often seen as a bullish reversal structure that signals the end of a downtrend and the start of upward momentum.
The latest rejection from the wedge’s resistance trendline pushed the price down toward its support base near $0.7318, where buyers stepped in strongly. This defense sparked a rebound, with WIF now bouncing back to around $0.8227, just below its wedge resistance.
This positioning suggests that a breakout attempt could be on the horizon.
What’s Next for WIF?
If WIF breaks decisively above its wedge resistance and reclaims the 100-day moving average ($0.9086), it would serve as strong bullish confirmation. From there, momentum could accelerate, with the next technical target projected around $1.42, based on the wedge’s measured move.
On the flip side, if WIF fails to confirm a breakout and slips back, it could revisit its support trendline — a crucial level that bulls must defend to keep the structure intact.
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