Date: Mon, June 30, 2025 | 08:38 AM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) has rebounded sharply, jumping by over 9% over the last 7 days and currently trading around the $2,475 level — reigniting bullish momentum across the broader crypto space.
Among memecoins, the Solana-based Dogwifhat (WIF) is also back on a bullish track with an impressive 22% gain over the past week. But what’s even more notable is that a newly emerging fractal pattern suggests this could just be the beginning of a much larger move.
WIF Mirrors PENGU’s Breakout Setup
A side-by-side comparison of PENGU and WIF on the 4-hour chart shows a strikingly similar setup.
PENGU recently completed a breakout from a descending wedge pattern and simultaneously reclaimed both the 100-day and 200-day moving averages. That technical breakout ignited a swift 57% rally, catching the attention of technical traders across the board.
Now, WIF appears to be tracing the same path. The token has already broken out from its falling wedge and reclaimed the 100-day MA. It’s currently pressing against the 200-day moving average — exactly where PENGU was right before its explosive breakout. This pattern is a textbook example of a fractal setup, where one chart structure closely resembles another, often hinting at similar future price action.
What’s Next for WIF?
WIF is currently struggling at its present price level, but if it successfully breaks above the 200-day moving average, it could quickly target the $1.07 resistance zone — signaling a potential 25% upside from current levels
However, caution is warranted. If WIF fails to reclaim the 200-day MA, the bullish fractal setup could invalidate, with the price potentially retracing back to support near $0.75 before attempting another breakout.
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