BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Dogwifhat’s Slippery Slope: Can It Recover or Is More Pain Ahead?

by Drop Gorn
February 19, 2025
in CRYPTO, MEMECOINS, OPINION
Reading Time: 3 mins read
A A
2
SHARES
38
VIEWS
Share on XShare in TelegramShare on Reddit
  • 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.

Tags: $WIFAMBCryptoDogwifhatMemecoin
Tweet1ShareShare
Previous Post

Dogecoin at a Crossroads: Key Support Test Could Shape Its Future

Next Post

Could a Donald Trump Endorsement Push XRP to $100? Is This Realistic?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

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

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.