Incoming Dogwifhat (WIF) Rally Could Surpass 2024 Spikes Based on These Key Metrics

Some metrics are showing signs of potential reversal for Dogwifhat (WIF). The meme coin is positioning for what could be a big rally according to some market analysts.

The price of Dogwifhat (WIF) could be setting up for a strong recovery according to some market analysts. As sentiment indicators reach extreme levels, some in the space are noting historical patterns that suggest the meme coin may have finally found its bottom.

One analyst, Cronald Dump, pointed to the correlation between extreme fear in the market and yearly price lows. “Note: Each time we saw this level of fear it has been year low. If this is not signal for you that $WIF bottomed then I do not know what is,” Dump posted on X.

The Fear and Greed Index, a key sentiment indicator for crypto markets, has dipped into the Fear zone with a reading of 29. This metric, which ranges from extreme fear (below 20) to extreme greed (above 80), has historically served as an indicator for market reversals.

Fear and Greed Index Yearly Low Leads to a Rebound for WIF

Another analyst, Kevin Svenson, observed that “Each time we have hit this level of extreme fear, it has been the yearly low.” Svenson’s observation covers market data from mid-2023 to early 2025, showing a consistent pattern of price rebounds following periods of extreme fear.

Looking at the chart data, we can observe a strong correlation between the Fear and Greed Index (yellow line) and Bitcoin price movements (gray line). The cyclical nature of these metrics reveals that previous dips into the Fear zone during September 2023, January 2024, and September 2024 all marked significant bottoms before substantial rallies.

“We are in 2025, year in which crazy moves will happen,” Cronald Dump noted in his analysis. “Prices will ‘go way higher'” than what was seen in 2024. His advice to investors was to “stack hats and hodl.”

The relationship between Bitcoin price and the Fear and Greed Index has remained consistent throughout the observed period. Peaks in the Greed and Extreme Greed zones have coincided with Bitcoin price highs, while Fear levels have consistently signaled price bottoms.

What makes the current situation interesting is the trading volume, displayed as bars at the bottom of the chart. Periods of heightened fear combined with increased volume have typically foreshadowed some of the most significant price movements in the market.

According to Svenson, the current Fear level represents a “full reset” of market sentiment, similar to patterns seen before previous yearly lows. If this historical trend continues to hold true, the current market conditions could present a prime buying opportunity for Dogwifhat and other cryptocurrencies.

Cronald Dump’s target of “42.69” for WIF suggests significant upside potential from current levels, assuming the pattern of fear-driven bottoms continues to play out as it has in previous cycles.