Dogwifhat Price Update (6/11): Stuck at $1 Resistance – Is a 20% Crash Coming for WIF?

Jakarta, Pintu News – As reported by AMB Crypto (11/6/25), Dogwifhat (WIF) retested its previous high as support in early June. The latest retest resulted in a positive price reaction for this memecoin.

However, despite the 26% upside move in two days, WIF bulls are still facing resistance at the previous week’s high.

Dogwifhat Price Update: Will WIF Experience a Bearish Reversal?

The 1-day chart shows a bearish structure for dogwifhat. After testing the $1.18 resistance in mid-May, WIF set a higher low at $0.93 four days later, before surging up to test $1.18 once again.

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The second attempt failed, and the rejection forced the price to drop below the $0.93 level. This turned the structure bearish on March 31. A few hours before this writing, WIF tried to bounce past $1, but failed.

The CMF on the daily chart is at -0.17, signaling large capital outflows. MACD is near the zero line and is about to form a bearish crossover.

Dogwifhat Price Update: 4 Hour Dogwifhat Chart

The 4-hour chart shows CMF at +0.06, after the price bounced from a local low at $0.8. A short move above $1.04 suggests a change in structure, but will most likely be followed by a reversal.

Dogwifhat prices briefly crossed the $1.04 level, followed by a bearish engulfing candle on the H4 chart – a sign of a bearish reversal. A drop in CMF below +0.05 would be a hint that buying pressure is starting to wane.

A bearish crossover on the MACD may also confirm a shift in momentum. For now, a sustained WIF rally may require Bitcoin (BTC) to climb higher. Until then, traders can expect a reversal towards $0.8.

Dogwifhat Price Update: WIF 2-Week Liquidation Map

The 2-week liquidation heatmap shows two important magnetic zones. The zone further away from the market price is slightly below $0.8, which is the target of the expected bearish reversal.

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Another liquidity zone at $1.08 could pull WIF towards that level.

If short-term demand and speculative interest increase, the breakout past the $1 psychological resistance could hold. This will be increasingly likely if Bitcoin experiences a short-term upswing.

Otherwise, swing traders can wait for a drop to $0.8 to go long.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. WIF price prediction – Stuck near $1-resistance, is a 20% correction ahead? Accessed on June 11, 2025