Dogwifhat Soars 200% – Traders Eye Breakouts Above $1.10-$1.70

The memecoin Dogwifhat (WIF) is experiencing explosive gains this month, soaring over 200%. Its recent price surge stems from a strong technical breakout above the 20-day moving average, marked by high trading volume. Traders are currently closely observing resistance levels between $1.10 and $1.70. 200% growth is still holding for WIF, defying some pullback to around $0.97, with immediate support at $0.95-$1.00. Key analysis suggests a bullish pattern, with the coin hitting a monthly high of $1.32 on May 12th and a breakout above a falling channel. Technical signals include an inverse head-and-shoulders pattern confirmed by the recent break.