Dogwifhat Price Prediction: Why is the $1.18 Level a Barrier?

Jakarta, Pintu News – Dogwifhat recently experienced price movements that caught the attention of investors and market analysts. After successfully breaking out of the downward trend that has been going on since December, the meme coin reached a new high. However, a challenge arises when trying to break through the resistance at $1.18, which was previously the lower peak during the downtrend earlier in 2025.

Technical Analysis Shows Obstacles

Dogwifhat (WIF) has shown recovery from the negative trend it has been on since late last year. The coin managed to achieve a significant breakout after moving within the $0.4 price range. However, the rise stalled at the $1.18 resistance, which was an important turning point from the previous downward trend.

The Volume Balance (OBV) indicator shows a decrease in buying pressure, although it has not completely switched to seller dominance. Meanwhile, the Awesome Oscillator is still above the zero level, signaling that bullish momentum is still present.

On the short-term chart, it can be seen that Dogwifhat (WIF) is moving in a price range from $1.2 to $0.93, with the mid-level at $1.07. This area was recently tested as support and experienced a price bounce. However, the OBV showed a decline over the last week, indicating that buyers need to take back control to expect a rally.

Also Read: Whale’s Big Sale of SAND, Will Prices Plummet as Early as June 2025?

Altcoin Market Dynamics and the Impact of Bitcoin (BTC)

In general, the altcoin market has struggled to push prices higher since May 10. This decrease in activity has not only been experienced by Dogwifhat (WIF) but also by most of the market. Bitcoin is currently the leader in determining market direction. Investors are advised to wait for Bitcoin (BTC) to rally and consolidate before expecting a quick rise in Dogwifhat (WIF).

This shows that the price movements of Dogwifhat (WIF) cannot be separated from the influence of Bitcoin (BTC) price movements in the market. Additionally, the Open Interest (OI) on Dogwifhat (WIF) showed a decline from $350.6 million on May 23 to $256 million. This drop indicates that speculative traders prefer to stay on the sidelines and have exited their positions. Funding levels that had dipped into negative territory have also started to recover, signaling a change in market sentiment albeit still in a very early phase.

Short-term Outlook and Investor Strategies

Given the current conditions, Dogwifhat (WIF) investors need to pay attention to several factors before making an investment decision. First, it is important to monitor whether Dogwifhat (WIF) can maintain support at the mid-level of its short-term range. Second, the price movement of Bitcoin (BTC) will greatly influence the possibility of Dogwifhat (WIF) making a breakout or experiencing a further decline.

Investors should also consider the overall altcoin market conditions, as this will provide greater context regarding the potential performance of Dogwifhat (WIF). By understanding these dynamics, investors can take more informed positions and avoid unnecessary risks.

Conclusion

In the face of an uncertain crypto market, a deep understanding of technical analysis and overall market conditions is key. Dogwifhat (WIF) offers exciting opportunities, but also requires careful observation of the various factors affecting the price. Investors are advised to remain vigilant and responsive to changes as they occur.

Also Read: BNB Nearing $700 Again – Time to Buy or Wait?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Dogwifhat Price Prediction: Why the $1.18 level could hold back WIF. Accessed on May 28, 2025
• Featured Image: Coinmarketcap