The crypto market has been witnessing a remarkable surge in memecoins, with dogwifhat (WIF) at the forefront of this growth. The recent bullish trend, initiated by Pepe, has been driving the prices of these digital assets upward, defying the prevailing market trend. As a result, the majority of memecoins have seen significant gains, with WIF being no exception. This upward momentum is expected to continue for some time.

Following its breakout above the symmetrical triangle, the WIF price has risen by over 30%, reaching nearly $4. It is now just 12% away from its all-time high. Given the current market conditions, it appears that the bulls are likely to maintain their grip on the rally, potentially pushing the price to test its current ATH soon.

The recent push has helped the rally test one of the key resistance levels after surpassing the range in the past few days. The Relative Strength Index (RSI) is displaying some bearish divergence before reaching the upper threshold, indicating a minor pullback could occur before validating a breakout above the range. However, even after the breakout, the price is expected to remain consolidated along the resistance for a while.

To confirm a bullish breakout close to the current ATH of $4.65, the price needs to close the daily trade above the ascending trend line at around $4. Market sentiments continue to favor crypto, with the volume remaining under bullish influence. Therefore, the WIF price is expected to remain elevated in the next few days. By the end of the month, the dogwifhat price could initiate a fresh bullish push towards new highs above $5.