{"id":495476,"date":"2025-05-27T13:30:51","date_gmt":"2025-05-27T08:00:51","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=495476"},"modified":"2025-05-27T13:00:06","modified_gmt":"2025-05-27T07:30:06","slug":"dogwifhat-price-prediction-why-the-1-18-level-could-hold-back-wif","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogwifhat-price-prediction-why-the-1-18-level-could-hold-back-wif\/","title":{"rendered":"dogwifhat price prediction: Why the $1.18 level could hold back WIF"},"content":{"rendered":"<p>&nbsp;<\/p>\n<ul>\n<li><em>WIF has a bullish long-term outlook, but investors will need to wait a while longer<\/em><\/li>\n<li><em>The short-term range formation, and Bitcoin leading the market, meant WIF bulls must wait their turn<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">dogwifhat [WIF]<\/a> was trading within another range after challenging a resistance from earlier in the year. Its technical indicators were not strongly bullish, but buyers retained the upper hand.<\/p>\n<p>dogwifhat has reversed its downtrend since December. The <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\" target=\"_blank\" rel=\"noopener\">memecoin<\/a> saw a breakout after forming a range near the $0.4 lows (purple).<\/p>\n<p>This rally was halted at the next resistance at $1.18, which was the lower high of the downtrend in early 2025.<\/p>\n<figure id=\"attachment_495480\" aria-describedby=\"caption-attachment-495480\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price.png\"><img decoding=\"async\" class=\"size-full wp-image-495480\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price.png\" alt=\"WIF 1-day Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-price-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-495480\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<p>The OBV showed that the buying pressure has fallen, but the sellers have not yet taken over. In recent weeks, the OBV has flattened instead of falling into a downtrend. The Awesome Oscillator remained above the zero level to show that bullish momentum was predominant.<\/p>\n<p>The short-term range formation underneath the $1.18 resistance was an underwhelming show from WIF.<\/p>\n<p>For context, the <a href=\"https:\/\/ambcrypto.com\/category\/altcoins-news\" target=\"_blank\" rel=\"noopener\">altcoin<\/a> market has struggled to push higher since the 10th of May. Hence, this slowdown from dogwifhat was a situation witnessed across the altcoin market.<\/p>\n<p>It was not a specific show of weakness from the meme coin itself. <a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> was leading the moves now.<\/p>\n<p>Investors could wait for BTC to rally and consolidate before expecting WIF to experience a swift rally.<\/p>\n<h2><strong>Short-term WIF momentum hampered by recent rejection<\/strong><\/h2>\n<figure id=\"attachment_495479\" aria-describedby=\"caption-attachment-495479\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4.png\"><img decoding=\"async\" class=\"size-full wp-image-495479\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4.png\" alt=\"WIF 4-hour Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-H4-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-495479\" class=\"wp-caption-text\">Source: WIF\/USDT on TradingView<\/figcaption><\/figure>\n<p>The 4-hour chart highlighted the short-term range. It reached from $1.2 to $0.93, with its mid-range level at $1.07. This mid-range region was recently tested as support and saw a price bounce.<\/p>\n<p>The OBV has dipped over the past week alongside the rejection at $1.35. It underlined the need for bulls to reclaim control before we can expect a rally.<\/p>\n<figure id=\"attachment_495478\" aria-describedby=\"caption-attachment-495478\" style=\"width: 1905px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze.png\"><img decoding=\"async\" class=\"size-full wp-image-495478\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze.png\" alt=\"WIF Coinalyze\" width=\"1905\" height=\"1067\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze.png 1905w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze-1024x574.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze-1536x860.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/PP-1-WIF-coinalyze-1200x672.png 1200w\" sizes=\"(max-width: 1905px) 100vw, 1905px\" \/><\/a><figcaption id=\"caption-attachment-495478\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinalyze.net\/dogwifhat\/open-interest\/\" target=\"_blank\" rel=\"noopener\">Coinalyze<\/a><\/figcaption><\/figure>\n<p>The Open Interest (OI) fell from $350.6 million on the 23rd of May, to $256 million at press time. The Funding Rate briefly dipped into negative territory but has picked up once again.<\/p>\n<p>The drop in OI showed speculative traders preferred to remain on the sidelines and have exited their positions.<\/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 drop in OI showed speculative traders preferred to remain on the sidelines and have exited their positions.<\/p>\n","protected":false},"author":57,"featured_media":495482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,18,5824,66,3,23,4,20],"tags":[],"class_list":["post-495476","post","type-post","status-publish","format-standard","has-post-thumbnail","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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