šØ $WIF Traders, Pay Attention! š§¢š¶
After a solid run-up from the $0.40 range lows, #dogwifhat hit resistance at $1.18 ā the same level that marked a lower high earlier this year. Since then, itās been stuck in a short-term range ($0.93ā$1.20), struggling to break out. āļø
But donāt confuse this slowdown with weakness. š§ The OBV has flattened, not dumped. And the Awesome Oscillator? Still green above zero ā bullish momentum isn't gone, just cooling off. š”ļø
Hereās the thing: it's not just WIF. The entire alt market has stalled since May 10. All eyes are on $BTC š ā it's leading the dance now. Once Bitcoin makes its move, WIF could follow fast. šØ
š Open Interest dropped from $350M ā $256M. That means speculators are sitting out for now. Funding rate flipped negative briefly, but has recovered ā a sign that sentiment might be shifting back. š©ŗ
š TL;DR: WIF is in chill mode, not dead. Wait for BTC to show strength, and we could see a sharp rally from WIF š