Dogwifhat (WIF) faces a critical moment as it hovers near a pivotal support zone. Recent price action highlights key resistance and support levels that could shape its 2025 outlook.
Analysts at InvestingHaven suggest a make-or-break scenario for WIF’s price trajectory in the coming months. A bullish recovery remains possible, but key technical barriers must first be overcome.
What you'll learn 👉
WIF’s Key Support at $1.44: The Make-or-Break Zone
WIF’s price is currently testing a major support zone between $1.44 and $2.00. According to InvestingHaven, holding $1.44 is vital for maintaining a bullish narrative into 2025.
The platform noted that if WIF fails to retain this level, it could drop further to the $0.90–$1.20 range. Analysts emphasized February 5, 2025, as a crucial deadline for WIF to regain momentum.
Losing support could signal bearish sentiment, while holding it may catalyze a reversal. The steady consolidation in this zone suggests reduced volatility, but a decisive move is anticipated soon.
Resistance at $2.73: Pivotal for WIF’s Bullish Momentum
InvestingHaven’s tweet also highlighted $2.73 as an essential resistance level. This price point represents a key breakdown level from December 19, 2024. Analysts believe clearing $2.73 could open the door for WIF’s price to test its all-time high (ATH).
Overcoming this resistance would confirm a bullish reversal, potentially attracting renewed investor interest. Breaking this barrier is crucial for WIF to maintain upward momentum and target higher price levels. Failure to reclaim $2.73 would weaken its bullish prospects.
Read also: Can Kaspa (KAS) Price Still Reach $1 in This Bull Cycle?
Bullish Targets: ATH and Beyond
Should WIF hold support and break $2.73, its next target would be the ATH around $4.74 to $4.85. Analysts at InvestingHaven suggested a longer-term bullish target near $16 by 2025. These projections align with broader market trends and potential investor confidence. However, achieving these levels depends on sustained support and a successful reversal.
If WIF loses $1.44 support, the bullish outlook may falter. Analysts noted that such a move could push prices toward lower Fibonacci levels. This scenario would also make reclaiming $2.73 more challenging, dampening hopes of a recovery.
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