Dogwifhat (WIF) is showing no signs of gains in terms of price. However, the good news for its holders is that other indicators are giving bullish signals. By glass coin, WIF’s trading volume has skyrocketed by 20% over the past day. With this increase, its volume stands at a whopping 879.75 million dollars.
Dogwifhat (WIF) is showing no signs of gains in terms of price. However, the good news for its holders is that other indicators are giving bullish signals. By glass coin, WIF’s trading volume has skyrocketed by 20% over the past day. With this increase, its volume stands at a whopping 879.75 million dollars.
If we break it down, around $500.89 million of the total volume came from the Binance cryptocurrency exchange and $166.40 million from Bybit, among others. This shows us that WIF has seen an increase in trading activity across multiple platforms.
But the most important thing to note here is that traders are showing interest in this. coin meme although its price is currently in an upward phase. Traders are bullish on Dogwifhat because they may be trying to buy the lows.
Additionally, the coin has a history of big rallies, so these traders may be anticipating another price rally from the WIF. Whatever the reason, the increase in trading activity is a positive sign for WIF, which can help it overcome this bearish phase.
WIF Price Outlook
As of this publication, the price of Dogwifhat has plummeted by 13.16% to $1.84. Furthermore, the price has fallen by 34.40% over the last month. This shows how the bears have gained control over sentiment, as seen in the broader crypto market.
However, there is still hope for solarium-meme based currency. By TradingView, WIF’s current RSI is 30.39. An RSI below 40 indicates that the coin is in an oversold market condition. Therefore, Dogwifhat’s current RSI shows that there is a chance for the price to rise in the short term.
Taking into account the increase in volume and the current level of the RSI, it can be assumed that the outlook for the WIF is not gloomy. Meme coins like WIF have always demonstrated their potential with massive price increases. While volatility is expected, the WIF still has the potential to recover from its current levels.
