The post Dogwifhat (WIF) Surges 10% to $1.30 as Whale Accumulation Fuels Breakout Momentum appeared on BitcoinEthereumNews.com.

Timothy Morano
Jul 22, 2025 01:56

WIF price hits $1.30 with 9.76% daily gains as $39M whale buying spree signals strong institutional confidence, though overbought RSI warns of potential pullback risks.

Quick Take • WIF currently trading at $1.30 (+9.76% in 24h) • WIF RSI at 72.01 indicates overbought conditions with potential reversal risk • Whale accumulation of $39M in WIF tokens driving bullish momentum What’s Driving dogwifhat Price Today? The WIF price surge to $1.30 represents a continuation of last week’s bullish momentum, primarily fueled by significant whale activity. On July 16th, large holders accumulated over $39 million worth of WIF tokens, demonstrating institutional confidence that has translated into sustained buying pressure. This whale accumulation event proved to be the most impactful catalyst, as dogwifhat rallied 25% during the broader meme coin market rebound on July 15th. The token emerged as one of the best-performing cryptocurrencies, leading the charge with a 16% surge that established WIF as a market leader among meme tokens. Technical analysts have identified a potential breakout scenario with a target of $1.42, representing 24% upside potential from current levels. This dogwifhat technical analysis, published on July 17th, aligns with the strong whale interest and suggests the current rally may have further room to run. WIF Technical Analysis: Bullish Signals Emerge Despite Overbought Warning Dogwifhat’s technical picture presents a compelling bullish case, though traders should exercise caution given overbought conditions. The WIF RSI reading of 72.01 indicates the token has entered overbought territory, suggesting a potential short-term pullback before the next leg higher. The moving average structure strongly supports the bullish narrative. WIF price is trading well above all key moving averages, with the token sitting 14% above its 7-day SMA at $1.14 and 55% above the 200-day…

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Filed under: News - @ July 22, 2025 12:26 pm