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- WIF retested its ascending trendline support at $0.76.
- Whale accumulation signals strong medium-term confidence.
- Futures traders remain cautious, raising risk of sideways action.
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Dogwifhat (WIF), one of the most-watched memecoins of 2025, is showing early signs of stabilization after retesting its key ascending trendline support at around $0.76 on August 26. This level has acted as a critical cushion for pullbacks throughout the year, and once again, buyers stepped in to defend it.
Whale Accumulation Signals Confidence
On-chain data revealed that large WIF holders, often referred to as “whales,” have been quietly accumulating at current price levels. According to CryptoQuant, the Spot Average Order Size chart highlighted consistent large buy orders, underscoring growing confidence in the memecoin’s medium-term outlook. Historically, whales avoid chasing short-term pumps, preferring to accumulate during periods of weakness—a trend that now appears to be strengthening WIF’s price base.
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Futures Market Shows Mixed Signals
While spot accumulation looks promising, the derivatives market tells a more cautious story. CoinGlass data confirmed a steady rise in Open Interest (OI) for WIF Futures, suggesting institutional activity and positioning for a potential breakout. However, the Futures Volume Bubble Map showed signs of cooling momentum as speculative traders reduced activity. This divergence suggests a standoff: whales are supporting the spot market, but derivatives traders remain hesitant to fuel a strong rally.
What Comes Next for WIF
The $0.76 trendline support remains a decisive inflection point. If it continues to hold, bullish momentum could extend toward higher resistance levels in the coming sessions, with whale demand acting as a key catalyst. On the other hand, if Futures volume continues to decline, WIF could enter a phase of sideways consolidation before any explosive move materializes.
Also Read: Dogwifhat Price Targets $2 as Ascending Triangle Pattern Signals Imminent Breakout
Dogwifhat’s latest price action reflects a classic tug-of-war between long-term whale accumulation and short-term speculative caution. For traders, the $0.76 support level will be critical in determining whether WIF’s next big move is a breakout—or a period of consolidation.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
