🧢 #dogwifhat (WIF) – Pump, Fade, and What’s Next?
WIF soared over 34% in the last two days, peaking around $1.07 before sharply retracing to $0.84 — a drop of nearly 18%. The rally came amid Solana meme coin hype and a surge in trading volume exceeding $230 million.
But as it neared its March swing-high, momentum slowed, and RSI started to cool off. The fade suggests heavy profit-taking and hesitation at resistance.
Now, WIF is sitting near its short-term trendline. If bulls can reclaim the $0.96 zone, a breakout toward $1.10 remains possible. Otherwise, further correction could test support near $0.78. Staying cautious until a strong higher low forms.