Dogwifhat price is trading around $0.83 after bouncing off its late-August low at $0.75. The token has been sliding through most of the month, falling from above $1.00 earlier in August, but this bounce gives bulls a bit of hope heading into September.
For now, WIF is caught in a range, trying to hold support while looking for signs of fresh momentum.
What you'll learn 👉
What the WIF Chart Is Showing
The 4H chart makes the setup pretty clear. WIF has been defending the $0.75 support, and every time price dipped into that area, buyers stepped in.
The latest rebound pushed it back to the $0.83 zone, showing demand is still there, even if the broader trend since mid-August has been bearish with lower highs forming.
The next real test for WIF price is the $0.90–$0.95 resistance zone. That’s where recent rallies have stalled, and breaking above it would be the first sign that bulls are taking control again.
If WIF manages to flip that level, a run back to $1.00–$1.10 is on the table. On the other hand, if $0.75 gives way, WIF could be in trouble, with the next supports sitting around $0.70 and $0.65.
Market Indicators for WIF Price
Volume right now is light at around 3 million, which means the bounce doesn’t have a lot of firepower behind it yet.
Open interest sits close to $101 million, showing traders are waiting for a clearer direction before making big moves.
Positioning is also tilted cautious. Net longs are weak at -254 million, while net shorts are heavier at 285 million.
That shows the market is leaning bearish, but if WIF price breaks out above $0.95, it could spark a short squeeze that quickly fuels a stronger rally.
Read Also: How Much Will 1,000 Worldcoin (WLD) Tokens Be Worth by 2026?
Short-Term Outlook for September
As we move into September, WIF is at a pretty important point. Bulls need to keep defending $0.75 and try to break through the $0.90–$0.95 ceiling. A breakout there could flip momentum and send price back toward $1.00–$1.10.
If buyers can’t hold the line and WIF price drops under $0.75, the short-term outlook turns bearish fast, with downside targets at $0.70 and $0.65.
For now, WIF is consolidating near its key support. The next couple of weeks should reveal whether September is the start of a comeback run or just more downside pressure for this memecoin.
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