The post Dogwifhat Price Climbs on Pattern Breakout with Targets Near $2.56 appeared on BitcoinEthereumNews.com.

Dogwifhat (WIF) is gaining attention across the crypto market as bullish momentum strengthens following key technical breakouts. Currently trading near $1.24, the meme token has posted a 12.74% gain over the past 24 hours, with trading volume surpassing $1.05 billion. The rally is fueled by a cup and handle pattern and daily accumulation signals from analysts like EXCA and VegetaCrypto1. As price pushes through multi-month resistance around $1.185, market participants are eyeing upside targets toward $2.56 if momentum continues. With Dogwifhat breaking key resistance zones and maintaining higher lows, traders are watching closely for daily close confirmations. Continued volume growth could push WIF toward new highs. Dogwifhat Price Climbs on Pattern Breakout with Targets Near $2.56 According to analysts, WIF has broken out of a multi-month cup and handle formation visible on the daily timeframe. The breakout occurred just above the neckline resistance marked near $1.20. The analyst noted that a daily candle close above this level would confirm the pattern, opening the door for additional upward movement. Source:X This chart setup is widely followed among technical traders due to its historical tendency to precede strong upward trends when confirmed. The pattern features a rounded bottom followed by a short descending handle, consistent with classical technical structures. After completing the handle, the price surged past resistance, triggering renewed buying. EXCA emphasized that as long as WIF holds above the breakout zone, bullish momentum may continue to develop, supported by increased trading volumes and market participation. WIF Price Pushes Toward Previous Key Resistance Analyst VΣGΣƬΛ also observed WIF attempting to reclaim an important resistance zone near $1.185. This level previously capped several rallies since March and now serves as a benchmark for confirming the token’s uptrend. The price has been forming higher lows, which suggests that demand is steadily increasing as…

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Filed under: News - @ July 22, 2025 4:28 am