Dogwifhat Whales Taking Profits: Will Price Correct?
Whale Profit Taking: An early investor in Dogwifhat (WIF), known as "EvSTe," sold 3.421 million tokens for $5.3 million, realizing a profit of $4.61 million and raising concerns about the token's price stability.
Market Reaction and Technical Analysis: Following the sell-off, WIF's price dropped by 1% to $1.59, with potential support at $1.55; further selling could lead to increased volatility and downward pressure on prices.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for WIF
Technical Sentiment Analysis for dogwifhat (WIF) As of , dogwifhat (WIF) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WIF stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WIF is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
dogwifhat (WIF) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0731 | 0.127 | 0.182 | 0.236 | 0.291 | 0.345 | 0.4 |
| Fibonacci | 0.127 | 0.168 | 0.194 | 0.236 | 0.277 | 0.303 | 0.345 |
About WIF
About the author
