Dogwifhat Price Prediction: WIF Plunges 5% As Investors Pivot To This New Layer-2 Solana Token With 245% Staking APY
The Dogwifhat price plunged 12% in a week and 5% in the last 24 hours to trade at $1.22 as of 11:28 p.m. EST on trading volume that soared 8% to $1.1 billion. Dogwifhat Price On A Sustained Downtrend The WIF price chart on the 4-hour timeframe indicates a prolonged downtrend, forming a falling wedge. The Dogwifhat price has been consistently making lower highs and lower lows, signaling a bearish sentiment. However, a recent bounce from the lower support of this channel suggests that buyers are stepping in at key levels. Meanwhile, the 50-day Simple Moving Average (SMA) at $1.2870 is positioned below the 200-day SMA at $1.6526, confirming a bearish alignment, as per GeckoTerminal data. This “death cross” pattern suggests that WIF remains in a long-term downtrend unless a significant bullish reversal occurs. The Relative Strength Index (RSI) stands at 49.67, which is near the neutral 50 mark. This indicates a balance between buyers and sellers, with no...