Dogwifhat Price Analysis As Open Interest Falls 40%; Go Long Or Short?

Quick Summary:

Amid the broader market correction, most major altcoins, especially the meme cryptocurrency sector, witnessed significant corrections due to their volatile nature.The WIF price at the $1.5 floor indicates pivotal momentum for a potential rebound or accelerated correction ahead.

Dogwifhat price analysis reveals a 2% drop on Sunday, hastily approaching the multi-month support of $1.5.

This selling pressure was initiated with Bitcoin’s reversal from the $70000 level and escalated mid-week amid geopolitical tension in the Middle East and recession fear.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Dogwifhat Price Analysis Dogwifhat (WIF) Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-04 @ 12:03:41 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 39 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21915283

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 5 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions