dogwifhat retests broken trendline: Can WIF rally to new highs now?
- dogwifhat has struggled recently but price action has some positives.
- The crypto fear and greed index at 72.
dogwifhat [WIF] continues to gain attention in the memecoin space, showing signs of potential upward momentum despite a challenging period.
WIF’s recent performance reflects some struggles, with the coin down over 5% in the last 24 hours and over 11% in the past week, as of press time.
However, the past 30 days saw a 3% increase, and dogwifhat showed an impressive 24-hour trading volume of over $490 million, a 36% increase.
This volume-to-market cap ratio of 21% suggests that, despite recent price dips, WIF still attracts considerable interest, implying it may be in a correction phase before resuming upward.
