Dogwifhat (WIF) is showing significant growth, increasing by 133% over the past month. We will look into the factors contributing to this rise as well as the current market situation and future forecasts.
Dogwifhat Rally: Facts and Figures
The price of Dogwifhat (WIF) has risen from ~$0.35 to ~$0.88, breaking out of the accumulation zone at $0.35–$0.50. A key factor driving the increase was a large purchase of $2.3M on April 14, 2025.
Market and Volumes: Strengthening Positions
Data from CoinGlass shows that the open interest in WIF futures rose from ~$120M to ~$270M, while trading volume doubled from ~$400M to ~$900M during the same period. These figures confirm the strengthening of trader positions.
WIF Forecast and Technical Analysis
Current analysis of the levels shows that the recent increase holds the current support at $0.70–$0.85, which may lead to further growth. However, indicators show overbought conditions with an RSI around 78.
In recent months, Dogwifhat (WIF) has demonstrated impressive growth figures and a strong base of supporting factors. Future market changes will depend on the support at the $0.70–$0.85 range and the behavior of traders.
