Dogwifhat (WIF) He continues to call attention in the midst of volatile market conditions, and the Token consolidated around $ 0.8319 after submerging 1.17% in the last 24 hours, according to the technical analysis model of Coindesk Research. As for the broader memecoin sector as measured by the Coindesk memecoin index(Cdmeme)It rose 1.79% during the same period.
The price of the action formed a range of 5.1% of $ 0.821 to $ 0.864, with a critical support confirmed about $ 0.835 in a significant volume. An acute rally earlier this week at $ 0.92 obtained profits, but the technical force remains as WIF remains above its new local floor.
Blockchain Analytics shows whale wallets has accumulated more than 39 million tokens, a pattern that aligns with the broadest widths in progress through the Assets based in Solana. This trend occurs when Bonk previously increased in ETF speculation, while WIF reaches the key areas with a volume of decrease and less short liquidations.
The approval of the “Big Big Beaf Bill” of President Trump by Congress earlier this week brought the risk markets in the short term. Combined with data from American jobs better than expected, feeling around risk assets marginally improved, reducing the sales pressure related to the macro. Even when the broader cryptography faces winds against the dynamics of commercial and monetary policy, the foundations in the WIF chain remain constructive.
With booming markets, Binance has now facilitated $ 650 billion in cumulative volume of BTC futures, attention is resorting to tokens driven by retail trade that continue to show resilience. If Wif keeps the support and volume rebounds, a new $ 0.86 test may be at stake.
TECHNICAL ANALYSIS
- WIF quoted between $ 0.821 and $ 0.864 on the 24 -hour window ending on July 5 at 2:00 p.m. UTC.
- The high volume rebound from $ 0.835 to $ 0.861 confirmed a strong support level.
- The accumulation of whales increased during an increased token volume of 60.7 million in a 9 -hour session.
- In the last hour (13: 06–14: 05 UTC)WIF recovered from $ 0.828 to $ 0.831.
- The resistance was formed to $ 0.838 with a strong sales pressure at 13: 25–13: 26.
- Temporary support remained at $ 0.828 after Sharp Sell-Off between 13: 54–13: 56.
- The modest recovery of the late session suggests a short -term consolidation range.
Discharge of responsibility: Parts of this article were generated with the assistance of artificial intelligence tools and reviewed by our editorial team to guarantee the precision and compliance with Our standards. For more information, see Coindesk’s complete policy.
