WIF Surges 6% Despite Sharp Intraday Volatility

Technical Analysis Overview

WIF endured extraordinary volatility throughout the preceding 24-hour period from 10 July 16:00 to 11 July 15:00, oscillating between $0.97-$1.07 whilst encountering substantial selling pressure at the $1.07 resistance threshold. The token subsequently confronted a precipitous decline during the 60-minute trading session from 11 July 14:27 to 15:26, retreating from $1.04 to $1.02 amid considerable institutional distribution volumes. Notwithstanding recent market turbulence, WIF has validated a cup-and-handle breakout formation, demonstrating robust momentum towards the $1.03 resistance level.

Market Summary

• **WIF advances 13% to $0.97 concurrent with Bitcoin's unprecedented all-time high, whilst trading volumes reached $570 million as meme coins experienced broad-based rallies across the sector**
• **Cryptocurrency markets outperformed traditional equity indices with 21.72% gains in Q2 2025, whilst Bitcoin achieved $120K following sustained institutional accumulation and robust ETF inflows**
• **Significant whale position liquidated exceeding $51 million as Bitcoin surpassed previous records, catalysing double-digit appreciation across alternative coins including PENGU (+34%) and FARTCOIN (+13%)**

WIF Faces Institutional Selling Pressure

WIF exhibited pronounced volatility throughout the preceding 24-hour period from 10 July 16:00 to 11 July 15:00, trading within a bandwidth of $0.97 to $1.07, constituting an 11% aggregate range. The digital asset experienced a remarkable recovery from early session nadirs near $0.99, establishing formidable volume-supported resistance at $1.07 during the 10 July 22:00-23:00 interval, whereupon selling pressure materialised on elevated volumes of 24.61 million.

The token subsequently encountered significant bearish momentum during the 60-minute period from 11 July 14:27 to 15:26, declining from $1.04 to $1.02, representing a -2% movement that extended the previous session's consolidation into a pronounced downward trajectory. The asset demonstrated extreme volatility with an initial surge to $1.05 at 14:37 before confronting aggressive selling pressure that propelled prices through multiple support thresholds.

Technical Indicators

• WIF traded within a corridor of $0.97 to $1.07, representing a 10.95% aggregate range during the 24-hour period.
• Robust volume-supported resistance established at $1.07 with selling pressure materialising on elevated volumes of 24.61 million.
• Critical support levels materialised around $1.01-$1.02 with substantial volume confirmation during the 11 July 06:00 session.
• Trading volumes of 50.09 million significantly exceeded the 24-hour average of 23.29 million during support testing phases.
• Decisive breach below $1.03 during the 14:52-14:53 period whereupon volumes surged to 1.80 million.
• Hourly volume averages of 445,000 were substantially exceeded during periods of selling pressure.
• Price action established a distinct descending channel with resistance forming around $1.03-$1.03.
• Cup-and-handle breakout pattern confirmed with momentum directed towards $1.03 resistance.

CD20 Rallies Amid Bitcoin's Record High

The CD20 appreciated 21.72% in Q2 2025 as Bitcoin achieved $120,000 following institutional accumulation and robust ETF inflows, with major whale liquidations triggering double-digit gains across alternative coins including meme tokens such as WIF, PENGU, and FARTCOIN amid broader market outperformance relative to traditional equity indices.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

References:

1. CryptoPotato, "WIF Price Jumps 13% as Meme Coins Rally", published on July 10, 2025.
2. Bitcoinist, "Crypto Markets Rebound in Q2 2025: Takeaways from Latest 99Bitcoins Report", published on July 11, 2025.
3. CryptoPotato, "Short Whale Liquidated For Over $50M As BTC$102,153.11 Surged To New ATH | Market Watch", published on July 10, 2025.
4. Invezz, "Best meme coins to buy and ride the crypto market rally", published on July 11, 2025.
5. AMB Crypto, "Breaking Down DogWifHat's 13% Surge — Can WiF Flip 1?", published on July 11, 2025.