Dogwifhat’s $1.27 Resistance in Focus As Ascending Triangle Nears Breakout Point

Dogwifhat trades near $0.92 after an 8.48% daily drop, with a market cap at $920.6 million.

The price has formed an ascending triangle since March 2025, holding above its rising trendline.

A break above $1.27 could trigger targets of $1.53, $1.68, $1.86, and $2.02 by late October.

Dogwifhat(WIF), a meme coin on the Solana blockchain, has hinted at a bullish pattern that will see it rebound to its former highs For the last 24 hours, the digital asset has reported a dip in its price values, with the current levels currently sitting below $0.9200 range. However, the consolidation that has been prolonged hints at another upward trend with possibility to unlock the $2 level.

Dogwifhat Slips 8.48% to $0.92

As of press time, CoinMarketCap data indicates that WIF opened its market value at a price of $0.92, stretching its consolidation up to the current levels. Currently, Dogwifhat trades at $0.9216, recording an 8.48% decline over the past 24 hours

Source: CoinMarketCap

The price opened near $1.0049 before a sharp drop occurred in early trading. Losses extended through the session, with minor recovery attempts failing to sustain momentum above $0.95. The lowest movements approached $0.90 before stabilizing in the $0.92 range

Market capitalization stood at $920.6 million, reflecting the same percentage drop as the price. Trading volume over 24 hours reached $471.57 million, up 3.66% from the previous day. The volume-to-market-cap ratio was recorded at 51.38%, showing high turnover relative to market size during the decline.

Dogwifhat Holds Ascending Triangle Formation with Breakout Targets Ahead

According to an analysis prepared by Ali Charts, Dogwifhat (WIF) has maintained a steady upward structure since early March 2025, forming an ascending triangle on the daily chart. The price has advanced from February lows near $0.18 to current trading levels above $1.02. The pattern is defined by a rising trendline from April, connecting consistently higher lows.

Source: X

Resistance remains firm near $1.27, tested several times without a sustained break. Fibonacci retracement mapping from the last decline shows $0.90 at the 0.618 level and $1.27 at 1.0. Short-term movement has fluctuated between $0.90 and $1.10, with pressure building toward the resistance area. If $1.27 is breached, projected upside levels include $1.53, $1.68, $1.86, and $2.02. The final target aligns with the 1.786 Fibonacci extension and could be reached by late October or early November

Price projections indicate a series of higher highs and higher lows developing into October. Since April, the upward momentum has held, with no closes below the rising trendline. Volume readings continue to narrow alongside price compression, showing the pattern is approaching its apex. The current consolidation remains intact, keeping the structure aligned for a potential breakout if resistance is cleared.