The post Dogwifhat (WIF) Surged 5% to $0.497 Before Retreating as Profit-Taking Emerged appeared on BitcoinEthereumNews.com.

According to CoinDesk Research’s technical analysis data model, dogwifhat (WIF) staged a measured accumulation phase before explosive gains carried the memecoin to session highs near $0.497 during Tuesday trading. WIF spent most of the 24-hour period consolidating between $0.4754-$0.4897 before breaking out dramatically in overnight hours with institutional-level volume. The breakout materialized at November 10 00:00 when trading volume exploded to 12.51M shares, marking a 98% surge above the session’s 5.62M average. WIF decisively cleared $0.4840 resistance while holding support at $0.4775, confirming three consecutive higher lows from the session base. The volume spike validated genuine buying interest as the token advanced through technical resistance levels. Late-session action turned aggressive as WIF surged from $0.491 to $0.497 at 13:37 before profit-taking emerged. Volume spiked to 437K shares at 14:02 as selling pressure forced a retreat to $0.491 by session close. The sharp reversal at $0.497 suggests institutional players took profits at technical resistance. Consolidation vs Breakout: What Traders Should Watch With fundamental catalysts absent, technical levels dominated price action as WIF navigated between defined support and resistance zones. The overnight breakout on genuine volume confirms institutional participation while the $0.497 rejection establishes clear resistance for future tests. The $0.490-$0.485 support zone becomes critical for bulls defending the breakout structure. Gap conditions through 14:13 indicate incomplete price discovery at highs, positioning WIF for either continuation above $0.497 or deeper pullback depending on volume follow-through. Key Technical Levels Signal Retest Potential for WIF Support/Resistance: – Primary resistance established at $0.497 (session high with profit-taking) – Secondary resistance at $0.4897 (consolidation range ceiling) – Critical support zone: $0.490-$0.485 (breakout retest level) – Base support confirmed at $0.4775 (validated during volume surge) Volume Analysis: – Breakout confirmation: 12.51M shares (98% above 24h average) – Resistance test volume: 437K shares at $0.497 peak – Volume…

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Filed under: News - @ November 11, 2025 12:34 am