Dogwifhat has entered a crucial phase as price consolidates near long-term support while traders weigh the impact of recent macroeconomic shifts.
Despite short-term pullbacks, the coin continues to show resilience against bearish pressure. With liquidity trends aligning with historical crypto rallies, the asset may be preparing for a new wave of momentum if buyers maintain their defense zones.
Macro Cycles Reinforce Support Structure
In a recent X highlights, the token trading behavior following the September 18, 2024, Fed rate cut. Historically, easing policies have triggered initial bearish fear before fueling stronger rallies across risk assets such as WIF and BTC.
At present, the coin trades near $0.93, maintaining its position above an ascending trendline that has acted as reliable support.
Source: X
Multiple rebounds from this zone suggest accumulation remains steady, with the 0.786 Fibonacci retracement near $0.78 serving as the key defense line. If buyers hold, upside targets extend toward $1.37 and $1.95, marking the next resistance levels.
The broader takeaway echoes past cycles — while volatility may dominate the short term, liquidity-driven rallies often emerge once policy pivots are digested.
Market Data Shows Consolidation
On one hand, Brave New Coin data places Dogwifhat at $0.93, marking a 2.42% daily decline, with market capitalization at $933 million and trading volume around $190 million. Despite this dip, the token continues to trade above the $0.90 psychological level, signaling structural stability. Liquidity remains strong, supporting momentum even during corrective phases.
Source: BraveNewCoin
Historical patterns show that the memecoin often consolidates before making impulsive moves, with the current flat action resembling earlier accumulation phases. Buy pressure near $0.89–$0.91 has repeatedly cushioned downside attempts.
Looking forward, resistance stands between $0.96 and $1.00, where a breakout could reignite momentum toward the higher levels identified in the macro outlook.
Technical Indicators Signal Recovery Potential
On the other hand, the TradingView chart for WIF/USDT reflects trading around $0.879 after a 5.38% pullback from the recent $1.393 high. Despite this correction, the price remains within a wide range of $0.30 to $1.40, consistent with its volatile mid-cap behavior.
Importantly, the Chaikin Money Flow (CMF) holds positive at 0.19, showing stronger buying pressure than selling volume during the dip, often a sign of healthy accumulation.
Source: TradingView
Meanwhile, the MACD indicator shows the blue line just above the signal line with a positive histogram reading of 0.014. Although still narrow, this points to early bullish momentum forming. For confirmation, the MACD gap must expand alongside supportive volume.
Together with steady CMF inflows and defended support zones, the technical structure suggests that the asset could be entering a recovery phase if demand persists in the coming sessions.
The asset maintains support despite recent pullbacks, with CMF inflows and a positive MACD signaling growing buyer strength. If momentum holds, the setup points toward a gradual recovery phase, provided key levels remain intact and demand continues building steadily.
