WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoin’s upside outlook.
The price of Dogwifhat (WIF), a Solana-based memecoin project, surged by 16% in one day, reaching a high of $2.34 on July 1. This is part of a prevailing rebound after WIF’s price climbed 60% from its $1.47-lows a week ago.
The outlook for WIF in July remains bullish, fueled by the emergence of a rare bullish reversal technical pattern and increased excitement surrounding the Solana exchange-traded fund (ETF) application in the United States.
Notably, Dogwifhat has been painting a Bump-and-Run-Reversal (BARR) bottom pattern since the beginning of June. As of July 1, it had entered the pattern’s breakout phase, now about 25% below its primary target of around $2.81.