---
title: "Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?"
url: https://diffcoin.com/dogwifhat-wif-set-for-liftoff-is-3-7-in-play/
description: "Dogwifhat (WIF) trades above $1.23 after breakout; chart signals rally to $3.70 if trend holds."
published: 2025-07-23
updated: 2025-07-23
author: "Mila"
site: "Diffcoin"
---

# Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?

**TL;DR**

- Dogwifhat forms a classic cup and handle pattern, setting stage for possible breakout rally.
- Analyst sees WIF breakout targets at $1.75, $2.20, $2.85, and $3.70 if structure holds.
- Whale buys and rising Open Interest fuel bullish momentum as the price reclaims the $1.20 neckline.

## **Pattern Suggests Shift in Trend**

Dogwifhat (WIF) is trading near a key level after forming a cup and handle on the daily chart. This setup began in March with a rounded base and continued with a sideways range into July. The price now sits just above the neckline between $1.20 and $1.25.

At press time, WIF trades at $1.23, showing an 11% increase in the past week. If the price stays above this level, it may confirm a breakout. Support from the 100-day simple moving average, around $0.84, has helped shape the pattern over the last few weeks.

## **Levels to Watch Closely**

Notably, the first area of support is near $1.00. Below that, the $0.84 mark lines up with the moving average. A deeper pullback could bring the price back to $0.70, which acted as a floor during earlier consolidation.

If momentum continues, targets to monitor are $1.75, $2.20, $2.85, and $3.70. These numbers reflect earlier price reactions and the depth of the cup formation. Analyst Jonathan Carter wrote,

> “If the pattern holds, we could see the price surge toward targets at $1.75, $2.20, $2.85, and $3.70.”

> [#WIF](https://twitter.com/hashtag/WIF?src=hash&ref_src=twsrc%5Etfw)
> 
> Dogwifhat is ready to breakout off the neckline of a cup and handle pattern on the daily chart
> 
> If the pattern holds, we could see the price surge toward targets at $1.75, $2.20, $2.85, and $3.70 [pic.twitter.com/11DMO5pq9B](https://t.co/11DMO5pq9B)
> 
> — Jonathan Carter (@JohncyCrypto) [July 22, 2025](https://twitter.com/JohncyCrypto/status/1947617930465681433?ref_src=twsrc%5Etfw)

## **Trading Activity and Chart Signals**

The Relative Strength Index (RSI) is now near 70. This level often shows strong demand, though it may also suggest the need for a short rest. On the volume profile, there is a lighter zone above $1.30, which could allow faster movement if the breakout continues.

Open Interest in WIF futures has grown to $660 million, according to CoinGlass. That’s an 11.5% increase from the previous week. More interest in futures often points to rising capital inflows from both sides of the market.

![WIF open interest](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNDUyIDYyNCIgd2lkdGg9IjI0NTIiIGhlaWdodD0iNjI0IiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjA3JTJGU2NyZWVuc2hvdC0yMDI1LTA3LTIzLWF0LTE3LjI1LjIwLnBuZyIgZGF0YS13PSIyNDUyIiBkYXRhLWg9IjYyNCIgZGF0YS1iaXA9IiI+PC9zdmc+)

Source: Coinglass

A recent purchase by the firm WIFStrategy added to the momentum. On July 13, they acquired 500,000 WIF tokens. The price jumped 30%, hitting $1.30 before settling near $1.22. This move pushed WIF above its earlier channel, where it remains at the time of writing.

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