WIF price rebounds from $0.72 support as short liquidations stack
The post WIF price rebounds from $0.72 support as short liquidations stack appeared on BitcoinEthereumNews.com.
Dogwifhat price has rebounded strongly from critical support at $0.75, a zone reinforced by Fibonacci and volume confluence. With short interest heavily stacked around this level, the probability of a squeeze-driven rally toward $1.40 and possibly $1.80 is increasing. Summary Strong rebound at $0.75 support, backed by value area low and 0.618 Fibonacci confluence. Bullish market structure intact, with upside targets at $1.40 and potentially $1.80. Short squeeze risk increasing, as stacked shorts could accelerate price higher on breakout. Dogwifhat’s (Wif) price action has remained one of the most technically driven in the current market. The bounce from $0.75 was not random but rooted in clear confluence between the value area low and the 0.618 Fibonacci retracement, a level widely respected by traders. This alignment creates a high-probability setup for continuation higher, particularly as bullish structure remains intact from previous lows. With capital pouring into the market and the altcoin index soaring, traders are beginning to question whether the long-awaited altcoin season has finally arrived. Dogwifhat price key technical points: Strong Support at $0.75: Confluence of the value area low and 0.618 Fibonacci retracement. Bullish Market Structure: Higher highs and higher lows established since $0.31 range low. Upside Targets: Immediate objective at $1.40, with a potential extension to $1.80. WIFUSDT (1D) Chart, Source: TradingView The rebound at $0.75 confirms that bulls continue to defend major structural levels. Since testing the range-low support at $0.31, Dogwifhat has established a consistent sequence of higher highs and higher lows, signaling that buyers remain in control of the local trend. This type of price behavior typically precedes expansion phases when paired with supportive volume conditions. The immediate focus now lies on the quantum control region, an area where price acceptance will determine whether bullish continuation unfolds. A reclaim of this zone with strong buying inflows could drive momentum…
