Dogwifhat (Wif) Continue to attract attention to the mid -market conditions, the token consolidating approximately $ 0.8319 after diving 1.17% in the last 24 hours, according to the Technical Analysis model of Coindesk Research. As for the wider sector of the same, with regard to the Coindesk Memecoin index(Cdmeme)It increased by 1.79% during the same period.
The price share was a range of 5.1% from $ 0.821 to $ 0.864, with confirmed critical support nearly $ 0.835 over a significant volume. A net rally earlier this week at $ 0.92 has attracted profits, but the technical force remains while WIF is above its new local floor.
Blockchain’s analyzes show that whale wallets have accumulated more than 39 million tokens, a model that aligns with a wider rotation of memecoin in progress through the active ingredients based on Solana. This trend comes while Bonk jumped earlier on FNB speculation, while WIF retains key areas with a decrease volume and less short liquidations.
The adoption of “One Big Beautiful Bill” by President Trump by the Congress earlier this week has brought a short term to the risk markets. Combined with better than expected American job data, the feeling around risk assets has improved marginally, reducing the macro -related sales pressure. Even if wider cryptography faces opposite winds of changing trade and the dynamics of monetary policies, the WIF chain fundamentals remain constructive.
With booming derivative markets – Binance has now facilitated 650 billions of dollars in the term cumulative volume of the BTC – attention turns to retail tokens that continue to be resilient. If WIF maintains the support and rebounds of volume, a retest of $ 0.86 can be at stake.
Strengths of technical analysis
- WIF exchanged between $ 0.821 and $ 0.864 on the 24 hour window ending on July 5 at 2:00 p.m. UTC.
- A high volume rebound from $ 0.835 to $ 0.861 confirmed a solid level of support.
- The accumulation of whales increased during an increase in token volume of 60.7 million on a 9 hour session.
- In the last hour (13: 06–14: 05 UTC)WIF rebounded from $ 0.828 to $ 0.831.
- Resistance trained at $ 0.838 with high sales pressure at 13: 25–13: 26.
- Temporary support took place at $ 0.828 after a net sale between 13: 54–13: 56.
- Recovery advice at the end of the modest session in the short -term consolidation range.
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