DogWifHat (WIF), one of the most successful meme coins dropped -50% this month amid crypto crash, what’s next for WIF price action in 2025?
The cryptocurrency market has been on edge lately, as Bitcoin crashed to around $91,000 and brought a wave of fear. Many altcoins have followed suit, and meme coins have been hit especially hard, WIF among them.
Now that Bitcoin
Bitcoin
4.65%
Bitcoin
BTC
Price
$63,360.34
4.65% /24h
Volume in 24h
$65.17B
Price 7d
is timidly recovering above $94,000, traders are watching closely to see if the market can regain its footing—or if further downside is on the horizon.
Among the most affected meme tokens is WIF, which has shed over 50% of its value in the past month. Other meme coins like Popcat and PEPE have also suffered, dropping 52% and 26%, respectively.
You are too old but $PEPE did exactly what $WIF is doing right now.
1. Mega pump
2. One-year consolidation and downwards.
3. Fell into irrelevance while everyone fudding g and hating.
4. Pumped out nowhere. pic.twitter.com/TPeTy3nJt7— Mr. Hodler (@MrHodlerian) January 9, 2025
WIF
dogwifhat
8.86%
dogwifhat
WIF
Price
$0.1732
8.86% /24h
Volume in 24h
$65.84M
Price 7d
had that big rally earlier in the year. Since then, it’s been in a mostly downtrend or sideways phase, which resembles a classic post‐pump consolidation. Add in the general market fear and frustrations from holders, this could have led to the big sell-off.
If and when the broader sentiment shifts, it’s possible WIF price could see a sharp move higher again, catching many people off guard.
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(WIFUSDT)
Looking at the three‐day chart for WIF, the $1.46 area stands out as a crucial support level. This region has acted as strong support before, so losing it could open the door to deeper losses, possibly down to the $1.00 mark if the market stays bearish.
On the upside, short‐term resistance may appear around $1.60–1.63, but the more significant barrier is $2.25–2.30. Clearing that zone, especially climbing above the 100‐day moving average near $2.47, would be an encouraging sign for a stronger rebound.
Where WIF heads next may depend largely on Bitcoin’s next move. If BTC continues its modest recovery and climbs above $94,000 with solid volume, it could restore some confidence across the market, potentially sparking a bounce in WIF and other meme coins.
On the other hand, if BTC resumes its downtrend and falls back below $90,000, fear could intensify.
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