BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Dogwifhat Price Falls Below Key Support Level as Bears Tighten Control

Matoy by Matoy
November 20, 2024
in BREAKING NEWS, CRYPTO
Reading Time: 2 mins read
9
SHARES
154
VIEWS
Share on XShare in TelegramShare on Reddit
  • WIF has dropped below the $3.582 support level, signaling a bearish shift in market sentiment.
  • The 1-day RSI has declined from 80% to 64%, indicating reduced buying pressure and potential further losses.
  • Critical support zones are at $2.896 and $2.257, with further downside risks if these levels fail to hold.

WIF’s recent price movement has drawn attention as the token fell below the crucial $3.582 support level. This development has raised concerns about a deepening bearish trend, with traders closely monitoring whether the market can stabilize or if additional declines are likely.

Analyzing WIF’s Bearish Momentum

On the daily chart of TradingView, WIF’s price is under significant downward pressure, forming a bearish candlestick pattern that indicates control by sellers. After breaking the $3.582 support level, the token is moving toward the $2.896 range, where the 100-day Simple Moving Average (SMA) could provide a potential stabilization point.

The Relative Strength Index (RSI) on the daily timeframe has dropped from a high of 80% to 64%, signaling a weakening of bullish momentum. This downward trend in RSI suggests that buying interest is diminishing, and traders will be watching for further moves toward lower levels if bearish sentiment continues to dominate.

Source: TradingView

Key Support Zones and Potential Reversal

If the downward trend persists, critical support levels include $2.896 and $2.257. Historically, these zones have acted as stabilizing points where buying interest has returned. A failure to hold above $2.896 could open the door to more significant declines, with psychological levels likely influencing price action.

Conversely, if buyers regain control and the price reclaims the $3.582 level, WIF could see a shift toward a bullish recovery, potentially testing higher resistance zones. For now, market participants are carefully observing the price movement to gauge whether this is a temporary pullback or the start of a broader bearish phase.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: WIF
Tweet2ShareShare
Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

DON'T MISS THESE! HOT OFF THE PRESS

Coinbase CEO Brian Armstrong’s Expensive AI Gamble
BUSINESS

Coinbase CEO Brian Armstrong’s Expensive AI Gamble

September 4, 2025
Ripple’s RLUSD Marches Into Africa With Bold Partnerships
CRYPTO

Ripple’s RLUSD Marches Into Africa With Bold Partnerships

September 4, 2025
NEAR Foundation Unveils Grand 2026 Flagship in San Francisco: Where AI Meets Decentralization
CRYPTO

NEAR Foundation Unveils Grand 2026 Flagship in San Francisco: Where AI Meets Decentralization

September 4, 2025
BITCOIN

Here’s Why Bitcoin’s Struggles Could Trigger the Next Big Market Shift

September 4, 2025
Here is Why Dogecoin’s Treasury Move Could Be the Catalyst for $1
CRYPTO

Here is Why Dogecoin’s Treasury Move Could Be the Catalyst for $1

September 4, 2025
Cardano Sentiment Nosedives to 5-Month Low, But Whales See Opportunity
CARDANO

Cardano Sentiment Nosedives to 5-Month Low, But Whales See Opportunity

September 4, 2025
Load More

Related News

Coinbase CEO Brian Armstrong’s Expensive AI Gamble

Coinbase CEO Brian Armstrong’s Expensive AI Gamble

September 4, 2025
Ripple’s RLUSD Marches Into Africa With Bold Partnerships

Ripple’s RLUSD Marches Into Africa With Bold Partnerships

September 4, 2025
NEAR Foundation Unveils Grand 2026 Flagship in San Francisco: Where AI Meets Decentralization

NEAR Foundation Unveils Grand 2026 Flagship in San Francisco: Where AI Meets Decentralization

September 4, 2025

Here’s Why Bitcoin’s Struggles Could Trigger the Next Big Market Shift

September 4, 2025
Here is Why Dogecoin’s Treasury Move Could Be the Catalyst for $1

Here is Why Dogecoin’s Treasury Move Could Be the Catalyst for $1

September 4, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews