• Dogwifhat’s price dropped 1.28% to $0.8901 with a strong $309 million trading volume.
• Key support at $0.87 is critical; losing it may push WIF down to $0.57 quickly.
• Short-term bounce from $0.97–$1.00 shows momentum; resistance levels at $1.05, $1.13, and $1.20.

Dogwifhat (WIF) is experiencing slight pressure as its price fell 1.28% to $0.8901 on August 2, 2025. Despite the dip, trading activity surged. WIF recorded $309 million in 24-hour trading volume, up 0.43%, indicating growing interest from traders despite uncertain market sentiment.

The meme coin started the day near $0.9064, but faced volatile moves. Short bursts of buying failed to hold, sending the price to a low of $0.857. It then rebounded slightly to $0.89. The volatility reflects traders’ hesitation to push the price in a firm direction.

Also Read: Dogwifhat ($WIF) Forms Bullish Cup and Handle, Targets $1.40 Breakout

Dogwifhat Key Support Zone at $0.87

Crypto analyst Ali Martinez emphasized a crucial level at $0.87. He warns that losing this support could trigger a quick slide toward $0.57. However, if WIF holds above it, bulls might regain strength and drive the price higher in the coming days.

Investors are closely monitoring the coin’s behavior near $0.87. Staying above suggests renewed confidence and potential for gains. But breaching this zone could lead to panic selling and a prolonged bearish trend. It marks a clear “make-or-break” situation for WIF in the short term.

Short-Term Patterns Suggest Possible Rebound

As well known Crypto analyst predicts that Dogwifhat has just jumped off an area of support between 0.97 and 1.00. The technical indicators show a rounded bottom pattern on the 15-minute and 1-hour charts that would mean developing short-term momentum. Even though there have been no definitive reversal patterns as of yet, there is rising buyer interest.

The main support positions are situated at 0.97 and 0.90, whereas the next resistance is expected at 1.05, 1.13, and 1.20. It is also essential not to lose the bullish hopes at the level of 0.97. A failure to maintain this level will see prices drop towards the levels of 0.90, and this will be a signal to caution.

For short-term traders, analysts advise one to venture into long market positions only beyond a point of $1.00.  Stop-loss orders below $0.97 can help manage risk amid volatile price swings.

Also Read: WIF Shows Strong Recovery – Will the Next Target Hit $4.043?