Dogwifhat (WIF) is currently priced at $0.355616, showing a 3.32% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.377866 and a low of $0.339306, indicating limited volatility.

Volume stands at 165,807,149, contributing to a substantial volume-to-market cap ratio of 46.44%. This high volume suggests active trading interest, yet the price movement indicates a struggle to maintain upward momentum amidst longer-term bearish trends.

Analyzing moving averages reveals a bearish sentiment in the short to mid-term; the 8 SMA is down 1.38% and the 13 SMA down 2.33%. However, the 55 SMA shows a slight increase of 1.71%, which could indicate potential support at this level, yet overall, the trend remains negative.

The 1-hour RSI is at a critical 12, suggesting an oversold condition, while the 7-day RSI of 47 indicates the asset is nearing neutral territory but is still affected by recent price declines. The 7-day price change is down 11.61%, and the 14-day and 30-day changes are down 26.11% and 36.51%, respectively, highlighting ongoing bearish pressure.

Given the considerable distance from the all-time high of $4.83, achieved in March 2024, the current price reflects significant devaluation. The recent price action, combined with the bearish moving averages and RSI indicators, suggests that further downside could be probable before any significant recovery occurs.

Based on the analysis of current price action, moving averages, and momentum indicators, a Sell rating is warranted. The asset's ongoing bearish trends and lack of strong support levels indicate that entering a position now could lead to further losses in the near term.