<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
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. Per&nbsp;<a href="https://www.coinglass.com/currencies/WIF">CoinGlass</a>, the trading volume of WIF has skyrocketed 20% over the past day. With this surge, its volume is standing at a whopping $879.75 million.
If we break it down, around $500.89 million of the total volume came from crypto exchange Binance and $166.40 million from Bybit, among others. This shows us that WIF has been seeing rising trading activity across multiple platforms.
But the most important thing to note here is that traders are showing interest in this&nbsp;<a href="https://u.today/37-million-shiba-inu-shib-in-24-hours-whats-happening">meme coin</a> even though its price is currently in a bullish phase. Traders are optimistic about Dogwifhat because they may be trying to buy the lows.
Moreover, the coin has a history of huge rallies, so these traders may be anticipating another price rally from WIF. Whatever the reason is, the rising trading activity is a positive sign for WIF, which may help it to overcome this bearish phase.
<h2 dir="ltr" id="wif-price-outlook">WIF price outlook</h2>
As of this publication, the Dogwifhat price has plummeted 13.16% to $1.84. Additionally, the price has fallen 34.40% over the past month. This shows how bears have gained control over the sentiment, as seen in the broader crypto market.
However, there is hope left for the&nbsp;<a href="https://u.today/solana-to-skyrocket-key-chart-shared-by-analyst">Solana</a>-based meme coin. Per&nbsp;<a href="https://www.tradingview.com/symbols/WIFUSDT/technicals/?exchange=BINANCE">TradingView</a>, the current RSI of WIF is 30.39. An RSI below 40 indicates that the coin is in an oversold market condition. Hence, Dogwifhat’s current RSI is showing that there is a potential for a price gain in the short term.
Considering the surge in volume and the current RSI level, one can assume that the outlook for WIF is not bleak. Meme coins like WIF have always shown their potential with massive price rallies. While volatility is expected, WIF still has the potential to rebound from its current levels.

Dogwifhat (WIF) Skyrockets 20% in Volume Amid Price Slump

Inhaltsverzeichnis

U_Today

Weitere Artikel, die am 21. Juni 2024 veröffentlicht wurden

End of stablecoins? Why exchanges are abandoning stablecoins in EU

Dogecoin, Shiba Inu, and Floki: The Decline of Meme Coins and the Rise of Furrever Token

Watch Out: Analysts Expect Very High Volatility in These Altcoins Next Week

DTX Exchange (DTX) Shocks With $100K Raise, Analysts Think 450% Surge Could Mirror Shiba Inu (SHI...

Kerpl Google Extension vs. Kerpl Mobile App: Which is Right for You?

One Of The Market’s Oldest Analysts Reveals The Altcoin He’s Bullish On: “Looks Solid”

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!