Dogwifhat's share fell by 7.71% to $0.8253, recording its lowest level at $0.8232.
The Relative Strength Index (RSI) hovers at 48.89 without any clear bullish momentum.
Dogwifhat's stock continued its losses on July 4, retreating to its daily low of $0.8232. The stock is currently trading at $0.8253, down 7.71% over the past 24 hours. This price drop has reduced its market value to $824.43 million, marking a similar decline of 7.71%. Meanwhile, the 24-hour trading volume decreased by 55.34% to $320.39 million, leading to a significant drop in Dogwifhat's market value ratio to 38.87%.
Although the value of
The fully diluted equivalent equals the maximum trading cap, which is $824.43 million for 998.84 million tokens, yet the sharp decline in trading volume highlights a decrease in trader interest. This decline, along with strong rejection during the day near $0.94, indicates an intense bearish phase.
WIF faces a key turning point amid weak momentum
Technically, the token struggles to regain strength after rejecting its previous attempt near the $0.94 level. The asset is now testing the $0.82 area, which represents a near-term support zone. If this level is broken, its price may accelerate towards the deeper accumulation range around $0.78.
Conversely, if buying activity returns, the $0.94 level is likely to appear as the next major resistance level. A clear breakout of the token could expose the psychological threshold at $1.00. Momentum indicators suggest weak price structure.