Dogwifhat Price Prediction: WIF Drops 3% As This Innovative Meme Coin Index Raises Over $3.7 Million In Presale – Best Crypto To Buy Now?

The Dogwifhat price has dropped 3% in the last 24 hours to trade at $0.6680 as of 12:30 a.m. EST on a 23% slump in trading volume to $207 million.

Dogwifhat Price Struggles At Key Support As Bearish Pressure Persists

The Dogwifhat price remains under significant bearish pressure, and has been locked in a downward channel since mid-December.

A major support zone around $0.65 is currently being tested, a level that has previously acted as a key floor for the price. If this support holds, WIF could see a short-term bounce, but a breakdown below this level could open the door for a move toward $0.50 or lower.

WIFUSDT Analysis Source: Tradingview

Dogwifhat Price Bulls Watch For A Potential Reversal

On the upside, resistance levels at $1.50–$1.60 remain critical, with a long-term resistance zone around $4.00 acting as a significant psychological level. The LuxAlgo Trendlines with Breaks indicator identifies resistance at $2.55 and support at $2.45, suggesting that reclaiming those levels could signal a reversal.

The Relative Strength Index (RSI) is at 31.97, nearing the oversold threshold of 30. Historically, an RSI near these levels has led to short-term bounces, making this an area to watch for potential recovery. However, the RSI alone does not confirm a reversal, and must be supported by increased buying volume and a breakout above the bearish channel.

For a shift in sentiment, the Dogwifhat price would need to break above the bearish channel, ideally reclaiming $1.00 as support. A move past this point could fuel further upside toward $1.50–$2.00. However, if selling pressure continues and WIF falls below $0.60, further losses could follow.