Dogwifhat shows renewed bullish momentum as Chinese Whale Capital signals strong activity on BSC.
The token rebounded sharply from recent lows, rising over 15% to $0.55 amid surging volume and whale accumulation. Analysts expect further upside if he token breaks above $0.60, confirming a potential continuation of its recovery phase.
Whale Activity Sparks Renewed Buying Interest
Dogwifhat recorded a sharp rebound over the past 24 hours, rising by nearly 15% to trade around $0.55. The recovery was accompanied by an increase in market capitalization to $552 million, supported by $317 million in daily trading volume. This surge followed renewed buying momentum, with whale activity observed in the $0.50 to $0.54 range, suggesting increased accumulation.
WIFUSD 24-Hr Chart | Source: BraveNewCoin
According to on-chain data, large investors have become more active in Dogwifhat trades, especially after its introduction on the Binance Smart Chain (BSC). The trading pair WIF/USD posted a 3.18% gain, closing at $0.000267, as per GMGN.AI data. The rise in liquidity and transaction count reflects growing participation, particularly from holders who view this level as a potential accumulation zone.
Analyst Notes Bullish Sentiment on Binance Smart Chain
The analyst known as Chinese Whale Capital described the renewed performance on BSC as a mirror of its earlier surge on Solana. The post mentioned that the token appears to be “making noise again,” hinting at optimism for another potential price expansion. The observation came as the asset traded above recent consolidation levels, suggesting an early stage of renewed market interest.
WIFUSD Chart | Source:x
Liquidity data shows BSC trading activity growing steadily, with a 24-hour trading volume of $149,000 and over 7,000 transactions. Historically, such increases in participation have coincided with accumulation phases that often precede price recovery. The tone among traders remains cautiously optimistic as they monitor the next resistance targets that could confirm sustained momentum.
Technical Indicators Point to Gradual Recovery
Technical readings on the WIF/USDT daily chart indicate a rebound from earlier losses this month. After falling to around $0.36, the token recovered to $0.56, marking a modest daily gain of 1.63%. Trading volume reached 81.75 million, suggesting improved investor participation following a period of liquidation-driven declines. The candle pattern on the chart shows buyers attempting to form a short-term bottom around the $0.40 to $0.45 region.
WIFUSD Chart | Source: TradingView
Momentum indicators also support this developing recovery. The Relative Strength Index (RSI) rose from oversold levels near 25 to 38.84, hinting at a shift in sentiment. If RSI moves above 40, it may indicate a strengthening of short-term buying pressure. However, analysts note that a sustained move above the 50 mark would confirm renewed bullish control.
Key Resistance and Support Levels in Focus
In the short term, immediate resistance stands between $0.58 and $0.62, an area that coincides with its 20-day moving average. A decisive break above this level could pave the way toward $0.75, supported by higher trading volume. Conversely, price rejection at this zone may trigger a pullback toward the $0.45 and $0.36 support levels.
The recent pattern of higher lows indicates gradual stabilization after an extended period of selling pressure. For the uptrend to sustain, the asset must maintain consistent volume and demonstrate RSI improvement above 50. As whale accumulation and cross-chain trading activity continue to rise, investors are closely observing whether Dogwifhat can retain its momentum in the coming sessions.
