{"id":624789,"date":"2024-06-15T09:10:29","date_gmt":"2024-06-15T09:10:29","guid":{"rendered":"https:\/\/ktsl888.com\/?p=624789"},"modified":"2024-07-10T12:56:14","modified_gmt":"2024-07-10T12:56:14","slug":"wif-price-crashes-15-will-the-freefall-continue","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/wif-price-crashes-15-will-the-freefall-continue\/","title":{"rendered":"WIF Price Crashes 15% – Will The Freefall Continue?"},"content":{"rendered":"

Dogwifhat (WIF), once-booming memecoin with a Shiba Inu sporting a chic knitted beanie, finds itself in hot dog water. Originally rising rapidly earlier this year, WIF has been on a downward spiral<\/a> caught in a descending channel since late May.<\/span> With its future depending on a tug-of- war between positive and bearish forces, analysts are closely monitoring as the canine crypto approaches a vital support level.<\/span><\/p>\n

Related Reading: Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears<\/a><\/div>\n

Descending The Price Ladder: A Sign Of Weakness?<\/strong><\/h2>\n

Technical study presents alarming picture for WIF. Lower highs and lower lows define the declining channel pattern, which shows constant selling pressure. Since the end of May, the price has dropped an amazing thirty percent; it now rests around the vital $2.44 mark.<\/span> WIF lost 15% of its value last week, according to Coangecko statistics.
\n<\/span><\/p>\n

\"\"
WIF price down in the last 24 hours. Source: Coingecko<\/a><\/figcaption><\/figure>\n

For WIF, this level marks either a make- or-break point. Should the bulls, those hopeful investors looking for a price rise, fail to defend this support level, the price may fall much more, maybe reaching a new low of $1.93.<\/span>
\n<\/span><\/p>\n

A Technical Tailspin<\/strong><\/h2>\n

Aroon Down is a technical instrument that measures the strength of a downtrend and fuels the bearish fire. With the most recent bottom not too long ago, WIF’s Aroon Down Line shows a worrisome 100%, indicating a strong downtrend.<\/span> This implies that among WIF holders, sales pressure exceeds any possible purchasing activity.
\n<\/span><\/p>\n

Total crypto market cap currently at $2.3 trillion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Will The Bulls Rise To The Occasion?<\/strong><\/h3>\n

There is yet hope for WIF followers.<\/span> Should the bulls be able to maintain the current support level, a price rebound towards the resistance line at $2.70 becomes conceivable. Although this would just be a temporary fix, it would give the memecoin an opportunity to reorganise and maybe escape the declining path.<\/span>
\n<\/span><\/p>\n

Breaking the support, however, would be a terrible blow, maybe setting off a chain reaction whereby investors lose faith and leave the market, therefore causing WIF to spiral.<\/p>\n

WIF Price Forecast<\/strong><\/h3>\n
\"\"
Source: CoincCodex<\/a><\/figcaption><\/figure>\n
Related Reading: NEAR Protocol: From Recent Dip To Google Search Darling \u2013 Is $16 Next?<\/a><\/div>\n

The present technical study for Dogwifhat, meantime, displays a negative attitude<\/a> despite a positive price projection of a 225% rise to $7.87 by July 15, 2024. With a high level of greed at 74 the Fear & Greed Index points to possible overvaluation.<\/span> Reflecting major price variations, Dogwifhat has had 30% green days with 11.82% price volatility during the past 30 days.
\n<\/span><\/p>\n

\"\"<\/p>\n

Though the projection is positive, the great volatility and current greed attitude point to possible hazards. Consequently, it might not be the greatest moment to purchase Dogwifhat until the state of the market stabilises or other favourable signs show up.<\/p>\n

Featured image from Reductress, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogwifhat (WIF), once-booming memecoin with a Shiba Inu sporting a chic knitted beanie, finds itself in hot dog water. Originally rising rapidly earlier this year, WIF has been on a downward spiral caught in a descending channel since late May. With its future depending on a tug-of- war between positive and bearish forces, analysts are closely monitoring as the canine crypto approaches a vital support level. Related Reading: Red Alert For Polkadot (DOT): Double-Digit Drop Sparks Investor Fears Descending The Price Ladder: A Sign Of Weakness? Technical study presents alarming picture for WIF. Lower highs and lower lows define the declining channel pattern, which shows constant selling pressure. Since the end of May, the price has dropped an amazing thirty percent; it now rests around the vital $2.44 mark. WIF lost 15% of its value last week, according to Coangecko statistics. For WIF, this level marks either a make- or-break point. Should the bulls, those hopeful investors looking for a price rise, fail to defend this support level, the price may fall much more, maybe reaching a new low of $1.93. A Technical Tailspin Aroon Down is a technical instrument that measures the strength of a downtrend and fuels the bearish fire. With the most recent bottom not too long ago, WIF’s Aroon Down Line shows a worrisome 100%, indicating a strong downtrend. This implies that among WIF holders, sales pressure exceeds any possible purchasing activity. Will The Bulls Rise To The Occasion? There is yet hope for WIF followers. Should the bulls be able to maintain the current support level, a price rebound towards the resistance line at $2.70 becomes conceivable. Although this would just be a temporary fix, it would give the memecoin an opportunity to reorganise and maybe escape the declining path. Breaking the support, however, would be a terrible blow, maybe setting off a chain reaction whereby investors lose faith and leave the market, therefore causing WIF to spiral. WIF Price Forecast Related Reading: NEAR Protocol: From Recent Dip To Google Search Darling \u2013 Is $16 Next? The present technical study for Dogwifhat, meantime, displays a negative attitude despite a positive price projection of a 225% rise to $7.87 by July 15, 2024. With a high level of greed at 74 the Fear & Greed Index points to possible overvaluation. Reflecting major price variations, Dogwifhat has had 30% green days with 11.82% price volatility during the past 30 days. Though the projection is positive, the great volatility and current greed attitude point to possible hazards. Consequently, it might not be the greatest moment to purchase Dogwifhat until the state of the market stabilises or other favourable signs show up. Featured image from Reductress, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":624807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,91713,85699,91711],"class_list":["post-624789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-dogwifhat","tag-memecoin","tag-wif"],"acf":[],"yoast_head":"\nWIF Price Crashes 15% - Will The Freefall Continue?<\/title>\n<meta name=\"description\" content=\"Dogwifhat (WIF), once-booming memecoin with a Shiba Inu sporting a chic knitted beanie, finds itself in hot dog water. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"WIF Price Crashes 15% – Will The Freefall Continue?","url":"http:\/\/ktsl888.com\/news\/wif-price-crashes-15-will-the-freefall-continue\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/wif-price-crashes-15-will-the-freefall-continue\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_26ddcc.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_26ddcc.jpg?fit=820%2C500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","dogwifhat","memecoin","wif"],"dateCreated":"2024-06-15T09:10:29Z","datePublished":"2024-06-15T09:10:29Z","dateModified":"2024-07-10T12:56:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"WIF Price Crashes 15% – Will The Freefall Continue?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/wif-price-crashes-15-will-the-freefall-continue\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/wif-price-crashes-15-will-the-freefall-continue\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_26ddcc.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/a_26ddcc.jpg?fit=820%2C500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"dogwifhat\",\"memecoin\",\"wif\"],\"dateCreated\":\"2024-06-15T09:10:29Z\",\"datePublished\":\"2024-06-15T09:10:29Z\",\"dateModified\":\"2024-07-10T12:56:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/a_26ddcc.jpg?fit=820%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/624789"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=624789"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/624789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/624807"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=624789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=624789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=624789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}