Dogwifhat Ready for the Two-Digit Rise

After a spectacular breakout of 12% on Sunday, Dogwifhat (WIF) has slightly adjusted by 1% on Monday, currently testing the important resistance level at $1.212 – the 50% Fibonacci level of the decline from the peak of $4.830 (13/11) down to the bottom of $0.304 (09/04). 📈 Clear Price Increase Signals From Technical Analysis and Derivatives Open Interest – OI( of WIF has reached its highest peak in 2025, according to data from Coinglass, soaring from $482.89 million on Sunday to $572.11 million in the latest trading session. This indicates a strong influx of capital into the derivatives market, reflecting the growing confidence from investors. 🧮 Technical Analysis: The Uptrend is Still Very Strong The 200-day EMA )$1.066( has been broken and is acting as new support. WIF has surpassed the psychological threshold of $1.00, an important signal for the bulls. The $1.212 level is the next short-term barrier; if it closes above this level, it will be the highest price since 26/01/2025. The next upward target is $1.679, corresponding to the Fibonacci level of 61.8%. ⚙️ Price Increase Drivers Reinforced Through Indicators: MACD crosses above the signal line and is above the 0 line – indicating that bullish momentum is strengthening. The green histogram continues to expand – confirming the uptrend. RSI )Relative Strength Index( reaches 66, close to the overbought zone, indicating that buying pressure is still dominating. 💡 Golden Signal From EMA: Golden Cross May Occur If the 50-day EMA crosses above the 100-day EMA, this could attract more capital flow from investors who are still on the sidelines. The "Golden Cross" scenario with the 50-day EMA and the 200-day EMA is also approaching – a very strong bullish signal in the medium and long term. ⚠️ Short-Term Risk? If the price is rejected at the $1.212 level and cannot close above this level, a slight adjustment back to the 200-day EMA around $1.066 is possible. However, this level is currently strong support and may be the next accumulation opportunity. ✅ Summary Dogwifhat )WIF( is on a strong recovery path with solid support factors from technical analysis to derivative data. Breaking through the $1.212 threshold will pave the way for the $1.679 target in the coming days, while the $1.066 support zone acts as a solid foundation for the continued upward trend. 📊 Short-term strategy: Monitor price reaction at $1.212 – If it breaks through, a position may be opened with a target of $1.679.

🔍 Mid-term strategy: Buy in the range of $1.07–$1.12 if technical corrections occur.

📉 Short-term stop loss: Below $1.00 or breaking the 200-day EMA.