Dogwifhat price is back on the move, showing one of the best daily gains among meme coins. Right now, it’s the top gainer in the market. It’s up 10.69% and trading at $1.03. Volume is also climbing, with a 14.39% increase, hinting that more traders are jumping in. This spike comes as meme coins start getting attention again, with capital rotating back into high-risk, high-reward plays.
WIF seems to be leading the pack. On X (formerly Twitter), SunFlowSolana pointed out that Dogwifhat topped the list for whale inflows yesterday, saying, “Whales are thinking the hat stays on.” That kind of big-money movement often signals growing confidence or at least growing interest in a possible breakout.
Gm ☀️
— Sun Flow (@SunFlowSolana) May 21, 2025
Yesterday’s Top 10 whale inflows👇
#1 $WIF back in the top spot, whales are definitely thinking the hat stays on
#2 $JTO after a year of downtrend are we finally seeing real whale accumulation here?
#3 $ME Solana summer NFT season coming soon? pic.twitter.com/k4xtdSKa83
And that breakout might already be in motion. WIF price has now pushed above the $1.00 mark, a level that’s been acting as tough resistance. Breaking that kind of barrier, especially with volume rising, usually means both retail traders and whales are watching closely.
What you'll learn 👉
WIF Technical Setup Points Toward Possible Continuation
A long-term Elliott Wave count shared by prominent analyst The Penguin shows a completed five-wave move from the bottom. This move is likely the first leg in a larger structure. The WIF chart identifies a WXYXZ correction that followed the previous high, forming a multi-month base around the macro Point of Control (POC). This POC has held as support, reinforcing the idea of a completed correction.
Following the bounce, a smaller five-wave impulse began, possibly forming Wave (i) of a new trend. A corrective pullback may now be unfolding as Wave (ii). If this structure holds, a move into Wave (iii) could follow. This wave often brings strong upward momentum, according to Elliott Wave theory.
Whale Activity Supports WIF Price Technical Signals
Combined with the technical chart, whale inflows appear to be supporting the idea of a trend shift. The current setup reflects a reaccumulation phase transitioning into an uptrend. Volume patterns and price structure support the narrative that Dogwifhat price may be starting a new bullish cycle. The current 1-2 setup will need confirmation, but price stability above $1.00 may give bulls confidence to target the next resistance zones.
As of now, WIF continues to hold attention across both technical and sentiment-based indicators. The next sessions will reveal whether the structure develops into a larger rally.
Read Also: PEPE Price Prediction for June: Key Indicators Turn Bullish
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