CandleFocus Whale Cashes Out $4.61M in Profits as WIF Drops 10% to $1.50
2025-01-10
Author: Content Editor
Dogwifhat (WIF) experienced a 10% drop before stabilizing, with a market cap increase of 0.19% and a rise in trading volume. A prominent whale sold a significant amount of WIF tokens, resulting in profit-taking and potentially contributing to the recent price drop. The bearish four-hour chart indicates potential for a rebound if buying interest increases, but technical indicators suggest caution for short-term traders. Resistance levels are at $1.70 and $1.90, while support levels are at $1.50 and $1.40. Despite the bearish indicators, the strong trading volume and active market participation suggest a potential for recovery. A golden crossover or RSI divergence may indicate a reversal in trend.
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