TL;DR
- WIF challenges $1.02–$1.04 resistance, with analysts targeting $1.3 after bullish wedge breakout confirmation.
- Active addresses rebound from early August lows, aligning with recent price recovery toward the $1 level.
- Trading volume up 28% to $1.8B, open interest rises 13% as market participation increases.
Price Breakout From Broadening Wedge
Dogwifhat (WIF) is on a tear! The meme coin is fetching $1.04, up a whopping 17% in the last 24 hours and 20% this week. Traders are piling in, pushing daily volume to a staggering $401.3 million. Is this just hype, or is WIF ready to break the internet?
CryptoBull_360 noted that WIF is “primed for a good breakout” from a broadening wedge pattern on the 4-hour timeframe.
Bulls stampeded! After clawing its way up from $0.90, the price shattered the $1.02–$1.04 resistance ceiling on the 1-hour chart. Buckle up, because this breakout projects a surge to $1.30 – a potential 23% profit sprint from here.
WIF’s about to unleash! 🚀 A broadening wedge on the 4hr chart hints at a major breakout for $WIF. Eyes peeled! 👀 #WIFUSDT #MemeCoinMania Next stop, the moon? 🌕 Also watching #BOME #DOGE #SHIB.
CryptoBull_360 (@CryptoBull_360) August 13, 2025
Resistance and Support Levels
WIF is staging a breakout! Crypto analyst CW notes the meme coin is blasting through initial resistance. Zooming in on the 4-hour chart, WIF is currently battling a red resistance zone spanning $1.04-$1.08. Conquer this, and the path to $1.25 opens up!
Support remains around $0.90–$0.93, where price previously bounced. Holding above the breakout zone may keep the bullish momentum intact.
The bulls are flexing! Bollinger Bands on the daily chart scream short-term upward momentum, with the price currently hovering above the middle band at $0.969. Eyes are now glued to the upper band lurking near $1.112 – the next major hurdle. However, the Awesome Oscillator whispers a word of caution: a slightly negative -0.031 reading hints at a possible brief period of consolidation before the next surge. Will the rally continue, or will we see a temporary pause?
Network Activity and Market Data
August 12th saw 4,745 active addresses light up the Glassnode charts. After a late-July surge that pushed above 6,000, activity plummeted below 2,500 in early August. But fear not! A resurgence is underway. Mirroring a price rebound from the $0.85–$0.90 range back to a solid $1, active addresses are climbing once more, suggesting renewed interest and network vitality.
WIF’s rally has ignited a trading frenzy. CoinGlass data reveals a staggering 28% surge in volume, blasting past $1.8 billion. Bulls are piling in, driving open interest up 13% to a hefty $421 million. Is WIF poised to break through resistance? These metrics scream “market alive!” – get ready for potential fireworks.
Thanks for reading WIF Eyes Breakout From Bullish Wedge After 17% Daily Surge
