Irma Korkia
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📉 WIF Price Falls, Whale Buys the Dip, CEX Reserves Drop – Risks Remain
📉 WIF Plunges Below $2 Amid Market Sell-Off
Dogwifhat (WIF) fell to $1.85, marking a 61% drop from its November peak. The decline mirrors Bitcoin's slump and broader altcoin weakness, with the total crypto market cap falling from $3.6T to $3.3T amid bond market risks.
🐋 Whale Seizes the Opportunity
Despite the downturn, a major whale bought 7.25M WIF tokens ($13.34M), signaling confidence in a rebound. The same investor also added Popcat, Fwog, and Michi to their portfolio, anticipating recovery across Solana meme coins.
🏦 CEX Reserves Decline – A Positive Sign?
WIF token reserves on centralized exchanges dropped to 433.28M, a 0.32% decrease from last week. In the past 24 hours, $24.1M worth of WIF left exchanges—10x the recent average. This outflow hints at investor optimism for a price recovery.
📊 Technical Indicators Remain Bearish
WIF’s price chart reveals a bearish crossover between the 50-day and 100-day moving averages. A double-top pattern with a neckline at $1.093 suggests sellers may push prices 43% lower if support fails.
🚀 Outlook: Uncertain but Hopeful
While technical signals remain bearish, whale activity and reduced CEX reserves suggest underlying optimism. Traders are watching the $1.82 support closely, with a potential drop to $1.093 if bearish momentum persists.
📉 WIF Plunges Below $2 Amid Market Sell-Off
Dogwifhat (WIF) fell to $1.85, marking a 61% drop from its November peak. The decline mirrors Bitcoin's slump and broader altcoin weakness, with the total crypto market cap falling from $3.6T to $3.3T amid bond market risks.
🐋 Whale Seizes the Opportunity
Despite the downturn, a major whale bought 7.25M WIF tokens ($13.34M), signaling confidence in a rebound. The same investor also added Popcat, Fwog, and Michi to their portfolio, anticipating recovery across Solana meme coins.
🏦 CEX Reserves Decline – A Positive Sign?
WIF token reserves on centralized exchanges dropped to 433.28M, a 0.32% decrease from last week. In the past 24 hours, $24.1M worth of WIF left exchanges—10x the recent average. This outflow hints at investor optimism for a price recovery.
📊 Technical Indicators Remain Bearish
WIF’s price chart reveals a bearish crossover between the 50-day and 100-day moving averages. A double-top pattern with a neckline at $1.093 suggests sellers may push prices 43% lower if support fails.
🚀 Outlook: Uncertain but Hopeful
While technical signals remain bearish, whale activity and reduced CEX reserves suggest underlying optimism. Traders are watching the $1.82 support closely, with a potential drop to $1.093 if bearish momentum persists.
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