{"id":84433,"date":"2025-07-28T18:22:02","date_gmt":"2025-07-28T18:22:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=84433"},"modified":"2025-07-28T18:22:02","modified_gmt":"2025-07-28T18:22:02","slug":"is-wif-ready-to-rip-chart-pattern-says-yes","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=84433","title":{"rendered":"Is WIF Ready to Rip? Chart Pattern Says Yes"},"content":{"rendered":"

TL;DR<\/p>\n

WIF charts show a clear pattern shaping near $1.40, often seen before a breakout.<\/span>
\nWeekly structure holds firm, but $1.26 must flip to open room toward the $3.80 zone.<\/span>
\nTrading activity is rising, yet positioning remains even, showing uncertainty across the board.<\/span><\/p>\n

WIF Charts Show Familiar Breakout Structure<\/h2>\n

Dogwifhat (WIF) is forming a cup and handle pattern on the 12-hour chart. This setup appears with the neckline around $1.39 to $1.40. According to analyst Ali Martinez, the formation is developing in a way that often leads to a price push if buyers step in above resistance.<\/span><\/p>\n

Dogwifhat $WIF<\/a> shows a textbook cup and handle pattern, with the neckline forming around $1.39\u2013$1.40! pic.twitter.com\/3ouPqT7IOz<\/a><\/p>\n

\u2014 Ali (@ali_charts) July 28, 2025<\/a><\/p>\n\n

Meanwhile, the rounded base formed between February and May. A smaller dip followed, creating the handle. The price then stabilized near $0.81, close to the 0.618 Fibonacci retracement. WIF trades at $1.13, up 5.8% on the last 24 hours.\u00a0\u00a0<\/span><\/p>\n

For the pattern to stay valid, it must hold above $0.95. A move above $1.40 on substantial volume would mark the breakout, with potential targets between $2.04 and $2.49. A further push could extend toward $3.22 based on Fibonacci extensions.<\/span><\/p>\n

Weekly Structure Holds, But Resistance Remains<\/h2>\n

On the weekly chart, <\/span>WIF<\/span><\/a> created a higher low, touching the ascending trendline. Analyst Jireon <\/span>noted<\/span><\/a> that the trend is still intact, but resistance at $1.26 remains a challenge.<\/span><\/p>\n

Notably, that price zone has held firm over several months. A close above $1.26 would suggest a shift toward the $3.80 zone, which has been a key level in past rallies. Until then, the trendline remains the line traders are watching.<\/span><\/p>\n

The RSI is at 51.20. This suggests momentum is balanced. The market may still lean either way depending on how the price behaves at this level.<\/span><\/p>\n

Trading Volume Rises While Sentiment Stays Split<\/h2>\n

Data from Coinglass shows daily volume has reached $1.75 billion, up by 59%. Open interest stands at $560 million, an 8% rise over the same period. This reflects higher participation, though not yet a one-sided trend.<\/span><\/p>\n

The long\/short ratio is at 0.9912. Long positions account for 49.78%, while short positions make up 50.22%. For most of July, the ratio has stayed close to neutral.\u00a0<\/span><\/p>\n

<\/a>Source: Coinglass<\/p>\n

Finally, traders appear cautious after the recent rejection at key resistance. The price action around $1.26 and $1.40 will likely determine what comes next.<\/span><\/p>\n

The post Is WIF Ready to Rip? Chart Pattern Says Yes<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR WIF charts show a clear pattern shaping near $1.40, often seen before a breakout. Weekly structure holds firm, but $1.26 must flip to open room toward the $3.80 zone. Trading activity is rising, yet positioning remains even, showing uncertainty across the board. WIF Charts Show Familiar Breakout Structure Dogwifhat (WIF) is forming a cup […]<\/p>\n","protected":false},"author":0,"featured_media":84434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84433"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84433"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84434"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}