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Dogwifhat Surges as Trendline Retest Sparks Bullish Confidence
Dogwifhat retesting its trendline near $2.10 confirms a bullish breakout and signals strong momentum after months of decline.
After falling 85% to $0.40, $WIF found stability in an accumulation zone before launching a powerful 65% recovery rally.
The recent surge above resistance levels and growing trader confidence suggest $WIF could enter a sustained upward trend.
Dogwifhat ($WIF) is showing strong bullish momentum after successfully retesting its broken descending trendline. The meme coin has reclaimed the $2.10–$2.15 support zone, marking a major shift in sentiment
After several months of high volatility, this retest indicates that bulls are in control. A break from a protracted downward trend is confirmed by the price activity. The possibility of a sustained upward trend in the near future is strengthened by traders' perception that a textbook recovery is currently under way.
The cryptocurrency’s journey since early 2025 has been brutal. It began the year trading at $2.20 to $2.40. However, intense selling pressure caused a steep crash. By April, $WIF had plunged nearly 85%, hitting lows around $0.40. This sharp drop reflected both negative sentiment and possible concerns around fundamentals. Every attempt at a bounce failed as sellers dominated, creating a painful “staircase down” pattern for investors.
Source: Kamran Asghar
Accumulation Zone Marks Key Turning Point
Between March and May, the market shifted. $WIF stabilized in a narrow band between $0.40 and $0.70. This phase, often called an accumulation zone, showed signs of quiet accumulation by patient buyers. Smart money likely entered during this low-volatility period. Retail investors stayed hesitant, while experienced traders recognized the potential setup forming.
Besides, this sideways action created a solid base for a future rally. The chart displayed a healthy balance of buying and selling during this period. Consequently, it set the stage for a sharp reversal.
Explosive Rally Signals Market Shift
Starting from $0.70, $WIF launched an aggressive rally. It climbed over 65%, reaching $1.16. The price sliced through former resistance zones, now turning them into support. Additionally, recent green candles reflect growing investor confidence and rising momentum.
Moreover, the current uptrend shows a parabolic structure, often linked to sudden renewed interest or major catalyst news. The hat meme remains strong within the community, fueling optimism. Notably, the current trendline retest at $2.10 adds technical validation.
The post Dogwifhat Surges as Trendline Retest Sparks Bullish Confidence appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.