- Dogwifhat (WIF) Continues Downtrend: Trading at $0.6153, WIF has dropped 7.33% daily, 10.63% weekly, and 63.14% monthly, showing persistent bearish momentum.
- Indicators Signal Further Decline: Stochastic RSI crossover, negative Delta, and dropping Open Interest ($89M → $67M) suggest selling pressure remains dominant, with few signs of reversal.
- Critical Support at $0.61: If WIF breaks below $0.61, it could plummet to $0.50 or even $0.44, marking a new yearly low unless buyers step in.
Since peaking at $1.9 a month ago, dogwifhat (WIF) has been trapped in a descending spiral, consistently printing lower highs and lower lows.
Right now? WIF is trading at $0.6153, reflecting a 7.33% daily decline. The bigger picture isn’t any prettier—down 10.63% over the week and a staggering 63.14% monthly drop.
With this relentless bleed, the big question is: are sellers running out of steam, or is there still room for a deeper plunge?
Will Dogwifhat’s Free Fall Continue?
According to AMBCrypto’s analysis, WIF is still under intense downward pressure, with bears firmly in control.
The Stochastic RSI just printed a bearish crossover, confirming that downward momentum is only getting stronger. Translation? WIF is racking up more losses than gains, with no solid recovery in sight.
The Directional Movement Index (DMI) tells the same story. The negative DI (+DI) keeps climbing, now at 43.3, while the positive DI (-DI) is sinking, currently at 13. Meanwhile, the ADX remains high, signaling that this downtrend has serious strength behind it.
Zooming out, dogwifhat’s Delta has stayed in negative territory for days, signaling that selling pressure is completely overpowering buying activity. This typically points to continued downward momentum.
Adding to the bearish sentiment, Open Interest (OI) per exchange has collapsed from $89 million to $67 million in just one week. This signals that existing investors are closing out positions, while new buyers are hesitant to step in—a classic recipe for a market lacking confidence.
What’s Next for WIF?
WIF is currently clinging to a key support level at $0.61. If bulls can defend this zone, there’s potential for a short-term bounce.
But if this level breaks, things could get ugly—fast. A breach of $0.61 could send WIF tumbling toward $0.50, or even $0.44, marking a new yearly low.
For now, WIF remains deep in bearish territory. Whether it stabilizes or plunges further? That all depends on whether buyers step in—or if the market continues to unravel.
