Dogwifhat price has bounced from high-timeframe support, showing technical confluence with the value area low and confirming a hidden bullish divergence. Despite the current corrective move, the broader structure remains firmly bullish.
Summary
- Strong confluence at $0.75 support with value area low and bullish volume retest.
- Hidden bullish divergence visible on RSI, supporting continuation higher.
- Upside potential targets $1.40 if support holds.
After days of consolidation, Dogwifhat (WIF) has reacted strongly from a major support level. The reaction has aligned with both volume profile signals and RSI divergence, creating a bullish case for continuation.
Altcoins are gaining momentum as the Altcoin Season Index edges toward the critical altseason level, but one market strategist has sounded a strong cautionary note. While short-term corrections are playing out against high-volume resistance, the market structure suggests an eventual rotation toward higher resistance levels.
WIF price key technical points
- Support at $0.75: Confluence with value area low and bullish retest volume.
- Hidden bullish divergence: RSI shows lower lows against higher price lows.
- Upside target: Potential rotation toward $1.40 range high resistance.
Dogwifhat price action has recently bounced from its high-timeframe support, which sits in strong confluence with the value area low. This level has acted as a foundation for bullish demand to return, with volume inflows confirming that buyers are actively defending the region. The current reaction has helped establish a hidden bullish divergence, a technical condition where momentum indicators show weakness while price maintains higher-low formations. Historically, such signals often precede continuation moves.
The short-term challenge for Dogwifhat lies at the point of control, a key high-volume resistance that has triggered a corrective phase. This local retracement, however, does not invalidate the broader bullish structure. Price continues to print higher lows, which signals that the uptrend remains intact despite near-term selling pressure. As long as the $0.75 support zone holds, the market retains the probability of advancing toward its upper resistance levels.
Momentum indicators add weight to this outlook. The RSI has created a divergence by printing a lower low while price action established a higher low, confirming hidden bullish strength. This suggests that underlying momentum supports further upside, provided that RSI levels do not break lower. With the divergence intact, traders are monitoring whether the corrective leg will give way to renewed bullish inflows, potentially setting the stage for another expansion phase.
What to expect in the coming price action
If support at $0.75 continues to hold, Dogwifhat is likely to rotate toward the $1.40 range high. The bullish divergence and strong confluence zones strengthen the case for continuation. A breakdown below $0.75 would invalidate this setup, but while structure and RSI remain aligned, upside targets remain the dominant probability.
