Dogwifhat Price Prediction: Will WIF Flip Cardano in Market Cap by Year-End?
The post Dogwifhat Price Prediction: Will WIF Flip Cardano in Market Cap by Year-End? appeared on BitcoinEthereumNews.com.
Dogwifhat (WIF), a meme-based cryptocurrency on the Solana blockchain, continues to attract attention as technical indicators, price action, and trading volume offer mixed but notable signals. While the broader sentiment remains bullish in the medium term, recent short-term volatility and trend consolidations raise important questions about the sustainability of WIF’s current trajectory—and whether it can realistically challenge more established assets like Cardano (ADA) in market capitalization by year-end. Complex Technical Patterns Point to Bullish Potential A recent analysis by @mynameismoney4 on X outlined an intricate series of harmonic patterns on the 1-day WIF/USDT chart. These include formations such as Crab, Cypher, WhiteSwan, and BlackSwan—structures used by advanced technical analysts to forecast potential reversal zones. One breakout of particular interest occurred from a symmetrical triangle formation labeled “SeaPony,” a term the analyst uses to describe key psychological Fibonacci confluence zones. The breakout has been validated by rising volume and a bullish divergence across multiple indicators. Source:X Momentum indicators such as the MACD show a widening bullish separation between the MACD and signal lines, while the RSI has breached the 70 level, indicating overbought conditions but also confirming strength. Resistance is currently seen around the 1.380 USDT Fibonacci level, with higher targets mapped at 2.25–2.99 USDT, and extended projections reaching 4.00–4.88 USDT. The recent pattern of higher lows and higher highs suggests an intact uptrend, but the price will need to maintain above breakout levels with consistent volume to challenge upper targets. Source:X Further commentary from @CryptoJobs3 supports the scenario of continued upward momentum, suggesting a potential retest of the previous double-top resistance zone. This aligns with bullish structures on the chart and social media optimism around the token’s speculative potential. However, any waning in volume or appearance of bearish divergence would require a reassessment of the current momentum thesis. Short-Term Pullback…
Filed under: News - @ May 25, 2025 3:26 am