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<ul class="list-ic vertical">
 <li><span>1</span> <a>WIF has slipped below the upward trendline support mark.</a></li>
 <li><span>2</span> <a>Buyers have lost momentum and are eyeing a significant surge.</a></li>
</ul>
<p>The <strong>dogwifhat (WIF) token</strong> hovers near the make-or-break zone around $3 and replicates volatility in the last sessions.</p>
<p>For the past few weeks, the token has persisted in delivering the lower low swings, losing over 15% gains last month. Meanwhile, the token has reached the demand zone of $3 and may get a pullback soon.</p>
<p>At press time, <strong>WIF</strong> was trading at $3.02 with an intraday gain of 0.25%, reflecting neutrality on the chart. It has a monthly return ratio of -3.20% and 123.20% yearly.</p>
<p>The pair of WIF/BTC is at 0.0000441 BTC, and the market cap is $3.04 Billion. Analysts are neutral and suggest that the <strong>WIF price</strong> may continue to face selling pressure and might lose gains ahead.</p>
<h2 class="wp-block-heading" id="strong-could-the-wif-stay-above-the-3-mark-strong"><strong>Could the WIF Stay Above the $3 Mark?</strong></h2>
<p>Over the past few weeks, the <strong>WIF token price</strong> continued to drag gains and was in a retracement phase. Additionally, there no significant volume buying activity was witnessed, consequently, the $3 mark was retested.</p>
<p>The intraday trading volume spiked over 23.37% to $465.90 Million and has a total supply of 998.91 million. It ranked 40 in terms of market capitalization.</p> <iframe loading="lazy" title="Santiment Chart: Price (WIF), Volume (WIF)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=mina&amp;pt=MINA&amp;df=2023-11-26T18%3A29%3A59.605Z&amp;dt=2024-05-26T18%3A29%3A59.605Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bdogwifhat%3BWIF%5D%3B%5B1%3Bvolume_usd%3Bdogwifhat%3BWIF%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>The <strong>WIF token</strong> could not deliver any significant rebound for the past sessions, and sellers continued to highlight their dominance.</p>
<p>Prominent Analyst @WorldofCharts shared their opinion that the <strong><a href="https://www.thecoinrepublic.com/2024/05/10/dogwifhat-wif-skyrocketing-gains-rally-might-unlock-soon/" target="_blank" rel="noopener noreferrer nofollow">WIF token</a> </strong>displayed a bullish pennant pattern and might replicate a solid rise toward the $5 mark ahead.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Wif&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Wif</a><br><br>Breaks Bullish Pennant Expecting Solid Bullish Wave In Coming Days Send It Towards 5$<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Wif?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Wif</a> <a href="https://t.co/5JL9dRaurL" rel="noopener noreferrer nofollow">pic.twitter.com/5JL9dRaurL</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1794644580882857993?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p>A break and close above the $3.60 mark would lead to a sharp bounce, while below $2.40, a fresh selloff can be seen ahead. The Momentum Indicator (RSI) curve stayed close to the midline region and displayed a negative divergence.</p>
<h3 class="wp-block-heading" id="strong-what-do-social-dominance-and-oi-data-highlight-strong"><strong>What Do Social Dominance and OI Data Highlight?</strong></h3>
<p>This week, the social dominance data revealed a sharp surge and spiked over 23% to 0.55%, reflecting investor speculation on the social platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (WIF), Total Open Interest in USD (WIF)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=mina&amp;pt=MINA&amp;df=2023-11-26T18%3A29%3A59.605Z&amp;dt=2024-05-26T18%3A29%3A59.605Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bdogwifhat%3BWIF%5D%3B%5B1%3Btotal_open_interest%3Bdogwifhat%3BWIF%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Per the Santiment data, the futures data reveal fresh long additions, and the open interest data spiked by over 6.36% to $364.65 Million in the last 24 hours.</p>
<p>The immediate support levels for the WIF token are $2.80 and $2.50, whereas the key upside hurdle is around $3.20, followed by $3.70.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The <strong>dogwifhat (WIF) price </strong>action revealed a consistent selloff, and the token continued to lose momentum. Meanwhile, the token is trading in a downtrend, and buyers have yet to gain strength.</p>

WIF Price Prediction: WIF Breached Trendline Mark, What’s Next?

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Thecoinrepublic.com

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