Dogwifhat (WIF) has once again climbed to the top of the meme coin leaderboard after gaining 182.5% in the past month. Solana meme coins have been favored during what seems to be the beginning of a new bullish cycle and WIF has emerged as one of the biggest winners. Come $WIF me if you want to live. #dogwifhat #wif @dogwifcoin https://t.co/oJ0tAAKUCi pic.twitter.com/u4ec5KxJ00 — WIF.Shop (@iz_me_alex) May 15, 2025 A short squeeze could be the main cause for this significant uptick as the market was too heavily one-sided by the end of April. Meme coins like WIF and Pudgy Penguins (PENGU), whose price has nearly tripled in the past 30 days, were the primary targets of short sellers this year. As prices climbed, thousands of short orders were blown up in the process, triggering some frantic buying pressure on the most heavily sold tokens like WIF. Dogwifhat Price Forecast: WIF Sees Significant Selling Pressure at $1.325 WIF has gone up by 1.4% in the past 24 hours and trading volumes currently sit at $523 million, accounting for nearly half of the token’s circulating supply. Looking at the hourly chart, we can see that the Dogwifhat price topped at and was heavily sold once it got to $1.325. Since then, the price has been making a series of lower highs, indicating the beginning of a downtrend. WIF has not decisively broken its bullish structure as it has been jumping up and down its second highest high at around $1.13. Hence, the latest price action could be categorized as a consolidation rather than a downtrend. Meanwhile, the price action bounced off the $1 level during the Asian session today and may have pulled a bear trap . This is a bullish indication that could result in significant gains in the near term for WIF. Trading volumes were high as the price touched the 200-hour exponential moving average (EMA), making this the key support to watch down the road if the price pulls back again. WIF has broken its trend line resistance but still needs to climb above $1.15 at least to confirm a bullish outlook. If it does, the price could retest its local high of $1.35 and could move higher if it breaks out above it. As the crypto market continues to recover, a new crypto presale called BTC Bull Token (BTCBULL) offers investors the chance to generate passive income as the price of the top crypto reaches new all-time highs. BTC Bull Token (BTCBULL) Offers Token Burns and Airdrops Tied to Price Milestones BTC Bull Token (BTCBULL) takes advantage of the global popularity of Bitcoin to introduce a new meme coin with an appealing rewards system tied to the performance of the top crypto. The project offers automatic rewards that are unlocked as the price of BTC reaches different landmark levels. Starting at a baseline of $100,000, BTCBULL holders are rewarded for every additional $25,000 added to the price. The first milestone is set at $125,000. Once BTC reaches that level, a portion of BTCBULL’s circulating supply will be automatically burned to foster scarcity and raise the meme coin’s price. Next up, once the price gets to $150,000, token holders will receive a direct Bitcoin airdrop. All of these rewards are automatically unlocked via smart contracts audited by two blockchain security firms – Coinsult and Solid Proof. To buy $BTCBULL and start earning passive income as Bitcoin makes new all-time highs, head to the BTC Bull Token website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH for this token or use a bank card to make your investment. The post Dogwifhat Price Forecast: WIF Faces Critical Resistance Around $1, Is $2 Possible This Month? appeared first on Cryptonews .
