Dogwifhat (Wif) Continuing to draw attention in the midst of fleeting market conditions, where the token consolidates about $ 0.8319 after dipping 1.17% over the last 24 hours, according to Coindsk Research’s technical analysis model. As for the wider Memecoin sector as the target of the Coindesk Memecoin index(Cdmeme)It has risen 1.79% in the same period.
Price action formed a 5.1% area from $ 0.821 to $ 0.864, with critical support confirmed nearly $ 0.835 on a significant volume. A sharp rally earlier this week for $ 0.92 drew profits, but technical strength remains as WIF holds over its new local floor.
Blockchain Analytics Show Whale Wallets has accumulated more than 39 million tokens, a pattern that is in line with a wider Memecoin rotation that is underway across Solana-based assets. This trend comes as Bonk increased earlier on ETF speculations, while WIF repeats key zones with falling volume and fewer short liquidations.
The passage of President Trump’s “One Big Beautiful Bill” of Congress earlier this week brought short -term calm to risk markets. Combined with better than expected US job data improved the feeling of risk assets marginally, reducing macro -related sales pressure. Even when wider crypto faces headwinds from changing trade and monetary policy dynamics, WIF’s basic elements remain constructive.
With derivatives that bloom binance have now relieved $ 650 trillion in cumulative BTC Futures-Volumen, attention is turning to retail-driven tokens that continue to show resistance. If WIF maintains support and volume -bounds, a gene test of $ 0.86 may be in play.
Technical analysis highlights
- WIF traded between $ 0.821 and $ 0.864 over the 24-hour window, which ended July 5 at 1 p.m. 14:00 UTC.
- High Volume Hopping from $ 0.835 to $ 0.861 confirmed a strong support level.
- Whale accumulation spiked under a 60.7 m token volume wave over a 9-hour session.
- In the last hour (13: 06–14: 05 UTC)Wif rebound from $ 0.828 to $ 0.831.
- Resistance formed at $ 0.838 with strong sales pressure of 13: 25–13: 26.
- Temporary support held at $ 0.828 after sharp sales between 13: 54–13: 56.
- Message session recovery suggests short-term consolidation area.
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