• WIF retested a broken trendline near $1.20, confirming support and maintaining its bullish structure.
• The current price is $1.04, down 3.99% in 24 hours, with intraday volatility and failed recoveries above $1.07.
• 24-hour trading volume dropped 29.15% to $542.62 million, while market cap stands at $1.04 billion.

Dogwifhat (WIF) has moved through several price phases in 2025, signaling important shifts in market behavior. The token experienced a steady decline from January to March, followed by a sideways movement that lasted through late April. This phase, marked as accumulation, established a consolidation zone where price remained stable within a narrow range.

WIF Trend Break and Wedge Formation Explained

In early May, WIF broke above the consolidation range, initiating a steep upward movement. That breakout marked a momentum shift as buyers entered the market. After the move, the asset formed a descending wedge pattern during June. This wedge featured lower highs and lows contained by two converging trendlines. The price moved downward through this structure until the final days of June.

At the end of June, WIF broke out of the wedge formation, returning to upward momentum. The price then entered an ascending channel in July, forming a series of higher highs and higher lows. By mid-July, the token retested a previously broken descending trendline near the $1.20 level. This retest aligned with typical reversal structures where resistance converts into support. The price maintained strength following the validation of the trendline.

 A projected price movement arrow on the chart points toward the $2.00–$2.20 range. This visual marks a potential path if bullish momentum persists. Market activity shows steady interest from participants as the structure remains intact. Price movement continues to favor the upward direction following the support confirmation.

Current Price and Market Behavior Revealed

Tracking the ongoing market trend at the time of press, CoinMarketCap data indicates that Dogwifhat (WIF) is currently trading at $1.04, reflecting a 3.99% price drop over the past 24 hours. The asset reached a daily high of $1.088 before reversing and trending lower. Intraday price action shows repeated downward swings with brief recoveries that failed to hold above $1.07.

The 24-hour trading volume stands at $542.62 million, which marks a decline of 29.15% compared to the previous day. Market capitalization has decreased by 3.98%, bringing it to $1.04 billion at the time of reporting. The volume-to-market-cap ratio is 51.99%, indicating active trading within the session. 

The price movement remained volatile throughout the day, with visible spikes and dips during U.S. and Asian trading hours. The chart shows red dominance in recent candles, indicating consistent sell pressure. The price slightly rebounded near noon, reaching $1.04 again after dipping below $1.00 earlier in the session. Market conditions remain reactive with limited upward strength observed.