WIF Price Eyes Explosive 130% Rally as Rare Cup-and-Handle Pattern Forms
Dogwifhat (WIF), the meme coin riding the Solana wave, has shown impressive strength in recent weeks — surging over 250% since April’s lows. Now, a rare and powerful chart pattern is flashing a bullish signal: a cup-and-handle formation that could catapult WIF to $2.38, a potential 130% rally from current levels. So, is it the best Meme coins to watch for 2025.
This rally aligns with growing investor interest, surging on-chain metrics, and a strengthening Solana ecosystem. Let’s dive into why WIF may be preparing for liftoff.
Fundamentals Fueling WIF’s Momentum
1. Explosive Network Growth
Data from Santiment shows new wallet creation on WIF’s network has jumped from 1,690 to over 5,000 — a 3x increase in just days. New address growth is one of the clearest signals of expanding community interest and adoption.
2. Positive Funding Rate
WIF’s funding rate — a key indicator of futures market sentiment — turned positive on June 2 after dipping into negative territory. A positive rate suggests traders are betting long, indicating renewed optimism for short-term price action.
3. Spike in Open Interest
Open interest in WIF futures has climbed steadily, now sitting at $398 million, signaling increasing speculative activity and capital flow into the asset.
4. Exchange Outflows: Holding Pressure Rising
According to SolScan, WIF’s exchange inflow/outflow ratio has turned negative, showing more tokens are being withdrawn than deposited — typically a bullish signal as it implies holders are preparing to HODL rather than sell.
5. Growing Investor Base
The number of WIF holders has crossed 236,000, another bullish fundamental suggesting growing confidence in the token’s potential.
Technical Analysis: Cup-and-Handle Forming
What is a Cup-and-Handle Pattern?
This classic bullish continuation pattern resembles a teacup — a rounded bottom (the “cup”) followed by a smaller dip (the “handle”). When confirmed with volume and price breakout, it often signals sharp upward movement.
WIF’s Cup-and-Handle Breakdown:
- Cup Low: $0.3185 (April 8)
- Cup High / Resistance: $1.3472
- Handle Low: $0.7825
- Depth of Cup: ~$1.03
🔺 Projected Target: $2.3885
Using measured move techniques, the breakout from the handle’s upper boundary adds the cup’s depth to the breakout zone, indicating a 130% potential rally.(Replace with actual chart)
Key Levels to Watch
| Level | Significance |
|---|---|
| $1.35 | Resistance and breakout trigger |
| $1.00 | Psychological round number support |
| $0.78 | Handle low — critical support zone |
| $2.38 | Cup and handle breakout target |
🔮What Comes Next for WIF?
If WIF breaks above $1.35 with strong volume, it could ignite a rally toward $2.38 — its next technical target.
However, if price fails to hold the $0.78 handle support, it could invalidate the setup, leading to consolidation or a short-term retracement.
Despite being a meme coin, WIF is showing strong technical and fundamental health, distinguishing it from speculative pumps. The expanding Solana ecosystem and rising popularity of meme coins could further accelerate WIF’s trajectory.
Why WIF Matters in the Current Market
- WIF now commands a market cap of over $1 billion, ranking just behind top Solana-based meme coins like BONK and TRUMP.
- Its network growth, bullish sentiment, and on-chain metrics are far more mature than the average meme asset.
- As altcoin season builds steam, WIF could become a bellwether for meme coin rallies across Solana and other ecosystems.
Bottom Line: WIF isn’t just riding hype — it’s building a technically solid case for a massive move. With retail interest swelling, and chart patterns aligning, all eyes are on a potential breakout. The $2.38 target is within reach — but only if key levels hold. This is one of the best Meme coins to watch.
But remember, in crypto, the only constant is change. Stay informed, stay cautious, and read and study before crypto investing. It is always said to not keep all your coins in the same basket, so diversify.
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