Dogwifhat (WIF) Aims for $1.50 After 190% Surge to $1.00
Dogwifhat (WIF) has reclaimed the $1.00 mark after a significant 190% surge, recovering from a low of $0.32. Key developments include:
- WIF's peak was $4.19 in November, followed by a 92% retracement.
- After hitting a three-month high of $1.32 recently, WIF fluctuated between $1.00 and $1.20.
- The token showed a bullish structure, rebounding from the Fibonacci zone between $0.95 and $0.98.
- If it maintains support at $1.00, targets include $1.15, $1.26, and potentially $1.37.
Breakout Potential
Analysts suggest that if WIF confirms its breakout above $1.05, it could aim for $1.50. This level is significant as it served as a bounce area during previous market retracements. Additional technical patterns indicate potential upward momentum, with targets set around $1.49 if current levels hold.
