{"id":491181,"date":"2025-05-14T11:30:17","date_gmt":"2025-05-14T06:00:17","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=491181"},"modified":"2025-05-14T10:59:23","modified_gmt":"2025-05-14T05:29:23","slug":"dogwifhat-why-a-minor-dip-could-precede-a-wif-move-to-1-26","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogwifhat-why-a-minor-dip-could-precede-a-wif-move-to-1-26\/","title":{"rendered":"dogwifhat: Why a minor dip could precede a WIF move to $1.26"},"content":{"rendered":"<p>&nbsp;<\/p>\n<ul>\n<li><em>dogwifhat has rallied 114% in under a week.<\/em><\/li>\n<li><em>The range breakout and heavy demand signaled the token could go even higher.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\">dogwifhat [WIF]<\/a> was sailing higher on the back of heavy demand. The <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\" target=\"_blank\" rel=\"noopener\">memecoin<\/a> market was in a bullish frenzy, up 6.8% in the 24 hours preceding the time of writing.<\/p>\n<p>In a report a week ago, it was noted that WIF could rally 33% from the mid-range level to the range highs.<\/p>\n<p>These expectations were met, but turned out to be paltry compared to what ensued. <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\" target=\"_blank\" rel=\"noopener\">dogwifhat<\/a> has rallied 114% from the mid-range support at $0.54.<\/p>\n<p>Technical analysis showed that demand has not slowed down, but a minor pullback was possible.<\/p>\n<h2><strong>WIF reaches a checkpoint that might cause a retracement<\/strong><\/h2>\n<figure id=\"attachment_491183\" aria-describedby=\"caption-attachment-491183\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily.png\"><img decoding=\"async\" class=\"size-full wp-image-491183\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily.png\" alt=\"WIF 1-day Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-daily-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-491183\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<p>The daily chart showed a strong uptrend on the OBV that beat the levels made in the past three months. This was accompanied by a strong WIF breakout beyond the range high. It was a sign of intent from the buyers, and they were not yet done.<\/p>\n<p>The downtrend from December had made many lower highs, with one of the more recent ones being the $1.18 level. This level was challenged, and at press time, a move further higher was possible.<\/p>\n<p>The RSI was at 82 to reflect overbought conditions, but no bearish divergence had formed on the daily chart.<\/p>\n<figure id=\"attachment_491184\" aria-describedby=\"caption-attachment-491184\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4.png\"><img decoding=\"async\" class=\"size-full wp-image-491184\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4.png\" alt=\"WIF 4-hour Chart\" width=\"1835\" height=\"900\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4.png 1835w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4-300x147.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4-1024x502.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4-768x377.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4-1536x753.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-H4-1200x589.png 1200w\" sizes=\"(max-width: 1835px) 100vw, 1835px\" \/><\/a><figcaption id=\"caption-attachment-491184\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The 4-hour chart shows a bearish divergence that formed, at the time of writing, when the price tested $1.18. <\/span>This saw a minor dip to $1.07.<\/p>\n<p>The RSI also reset to 66 at press time, meaning the momentum was strongly bullish, but there was room for upward expansion.<\/p>\n<p>The OBV had also slowly ticked higher over the past three days. Together, the 4-hour timeframe&#8217;s clues showed that the price dip might have ended.<\/p>\n<p>If WIF fell below $1.1 again, it might dip as far as the $0.94-$1 support zone.<\/p>\n<figure id=\"attachment_491185\" aria-describedby=\"caption-attachment-491185\" style=\"width: 1360px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap.png\"><img decoding=\"async\" class=\"size-full wp-image-491185\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap.png\" alt=\"WIF Liquidation Heatmap\" width=\"1360\" height=\"698\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap.png 1360w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap-300x154.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap-1024x526.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap-768x394.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-2-WIF-liq-heatmap-1200x616.png 1200w\" sizes=\"(max-width: 1360px) 100vw, 1360px\" \/><\/a><figcaption id=\"caption-attachment-491185\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMapNew\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a><\/figcaption><\/figure>\n<p>The 2-week liquidation heatmap showed that the $1.21 region was a magnetic zone that could pull dogwifhat higher.<\/p>\n<p>Its proximity to the market price meant a move higher to $1.21-$1.26 was the more likely short-term outcome. A price dip could see WIF fall to $1.05, or as low as $1.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2-week liquidation heatmap showed that WIF was likely to be pulled toward the $1.26 level in the short-term.<\/p>\n","protected":false},"author":57,"featured_media":491187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,5824,66,3,23,4,20],"tags":[],"class_list":["post-491181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-memecoins","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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