The cryptocurrency Dogwifhat (WIF), a meme coin based on the Solana network, has attracted investor attention due to its sharp rise and active community. However, recently there has been a decline in interest and a drop in price.
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📉 Current market situation
Since the beginning of February 2025, the price of WIF has decreased by 34%, which is associated with a decrease in demand and pressure from sellers. The On-Balance-Volume (OBV) indicator has fallen by 285%, and open interest in futures contracts has decreased by 42%, indicating a decline in market activity.
Technical analysis shows a bearish trend: the price has broken through the Ichimoku cloud, and the ADX index is at 38, indicating a strengthening of the downward movement.
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📈 Future forecasts
Despite the current difficulties, some analysts remain optimistic. Forecasts for 2024 range from $5.10 to $10.00, and for 2025 from $7.20 to $14.56. Some experts, such as economist Henrik Zeberg, predict a rise to $78 based on technical analysis and the ABC pattern.
However, it is important to note that such forecasts are based on speculative expectations and may not materialize in a volatile market.
