The cryptocurrency market is showing renewed vigor, with meme coins leading the charge. In the past 24 hours, Dogwifhat (WIF) and Brett (BRETT) have recorded significant price gains—8% and over 14% respectively—sparking speculation about a broader altcoin rebound. With technical indicators flashing bullish signals and key resistance levels broken, investors are watching closely to see if this momentum can sustain.
This article dives into the latest price movements, technical analysis, and potential future trajectories for both WIF and BRETT, while exploring what these trends might mean for the wider meme coin and altcoin ecosystem.
Dogwifhat (WIF): Breaking Out of Downtrend
After a prolonged period of consolidation within a descending channel—from July 27 to August 5—Dogwifhat has finally shown signs of a trend reversal. The price dropped from a resistance level of $2.70 down to a strong support zone near $1.13 before buyers stepped in.
👉 Discover how breakout patterns could accelerate WIF’s next price surge.
Currently trading at $1.8191, WIF has reclaimed the 50-day Simple Moving Average (SMA), a key short-term bullish indicator. However, it continues to face resistance around the $2.00 mark—the same zone where the 200-day SMA converges. Overcoming this psychological and technical barrier could open the door to further upside.
Key Technical Indicators Point to Continued Gains
- Relative Strength Index (RSI): The RSI has climbed from oversold territory to 59, approaching the overbought threshold of 70. This suggests strong buying pressure without yet reaching extreme levels.
- MACD (Moving Average Convergence Divergence): The MACD line has crossed above the signal line, forming a bullish crossover. Additionally, the histogram is rising above the zero line, reinforcing upward momentum.
With trading volume dipping slightly by 24% to $1 billion, the rally appears to be driven more by sentiment and positioning than explosive inflows—typical in early-stage reversals.
What’s Next for WIF?
If bullish momentum holds, Dogwifhat could target $2.50 in the coming days. A sustained close above $2.00 would confirm breakout validity and likely attract new capital.
On the downside, failure to maintain gains could see a pullback toward immediate support at $1.35. A break below this level might signal renewed bearish control and potentially extend losses toward earlier lows.
Brett (BRETT): Explosive Breakout Above Key Resistance
While WIF shows promise, BRETT has delivered an even more dramatic performance—surging over 14% in the last 24 hours to trade at $0.1045. This sharp move follows a critical technical breakthrough: BRETT has cleared a major resistance level at $0.0988.
This breakout is particularly significant because it ended weeks of sideways-to-downward price action that had frustrated holders. Now, with momentum shifting, traders are eyeing the next resistance level at $0.1376.
👉 See how resistance breakouts often precede major price accelerations in meme coins.
However, technical analysis warns of risk: if the price fails to hold above $0.0988 in the next 8 hours, especially on a 4-hour candle close, the bullish thesis could unravel quickly.
In that scenario:
- Immediate support lies at $0.0794
- A deeper correction could push prices toward $0.0591
Still, current momentum favors bulls.
Technical Momentum Builds for BRETT
Both MACD and RSI are painting a convincingly bullish picture:
- MACD: After a near bearish crossover, the MACD line rebounded sharply from the signal line. The growing gap between the two lines indicates strengthening upward momentum.
- RSI: Currently above 50 and trending higher, RSI reflects growing dominance by buyers. The positive slope suggests accumulation is ongoing.
Though weekly and monthly charts still show losses—down 12% weekly and over 9% monthly—the recent spike may mark a turning point if sustained.
Are Meme Coins Leading a Broader Altcoin Recovery?
The combined surge in WIF and BRETT isn’t isolated. The broader meme coin sector rose 11%, pushing total market capitalization to $42 billion. This kind of sector-wide strength often precedes wider altcoin rallies, especially when Bitcoin remains relatively stable.
Historically, meme coins act as market canaries:
- High volatility attracts speculative capital
- Social sentiment drives rapid price moves
- Breakouts often precede momentum shifts across smaller-cap cryptos
With investor appetite returning, other Solana-based and community-driven tokens may soon follow.
Frequently Asked Questions (FAQ)
What caused the recent spike in WIF and BRETT prices?
The surge appears driven by technical breakouts, improved market sentiment, and growing speculation around meme coin season returning. Increased social media chatter and short-term trader activity have also contributed.
Is Dogwifhat likely to reach $2.50?
Reaching $2.50 is possible if WIF sustains trading above $2.00 and volume increases. Technical indicators support further upside, but macro conditions and Bitcoin's price action will also play a role.
Can BRETT maintain its breakout above $0.0988?
Yes—if the price holds above this level for multiple 4-hour candles. Continued strength in MACD and RSI supports continuation, but failure to hold could trigger a retest of lower supports.
Are meme coins a good investment right now?
Meme coins carry high risk due to volatility and speculative nature. They may offer short-term gains during bullish phases but aren't suitable for risk-averse investors. Always conduct due diligence and consider position sizing carefully.
What should I watch for in WIF and BRETT over the next week?
Key levels to monitor:
- WIF: Hold above $1.80; break above $2.00
- BRETT: Sustained close above $0.0988; move toward $0.1376
Volume confirmation and broader market trends will be crucial.
Could this rally signal a larger altseason?
Early signs suggest growing altcoin momentum. If major layer-1 tokens and DeFi projects begin outperforming Bitcoin in the coming weeks, it could confirm the start of a broader altseason.
Final Outlook: Bullish Momentum Builds
The recent price action in BRETT and WIF highlights a shift in market dynamics. After weeks of underperformance, meme coins are regaining investor attention—and doing so on strong technical footing.
Core keywords such as BRETT price prediction, WIF price forecast, meme coin rally, altcoin season 2025, Dogwifhat technical analysis, cryptocurrency breakout, RSI and MACD signals, and Solana-based meme coins are gaining search traction, reflecting growing interest.
While risks remain—especially given past volatility and speculative nature—the confluence of technical breakouts, improving indicators, and sector-wide momentum suggests this rally could have legs.
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For traders and investors alike, monitoring these key levels and volume trends will be essential in determining whether this is just another short-lived meme spike—or the beginning of something bigger.
As always, prudent risk management and informed decision-making should guide any involvement in high-volatility digital assets. But one thing is clear: the altcoin pulse is beating stronger again.