Dogwifhat (WIF) is currently priced at $0.314128, reflecting a substantial 16.38% decline over the last 24 hours. The price fluctuation has seen a high of $0.379542 and a low of $0.313045, indicating heightened volatility with a daily range of approximately 0.0665%.

Trading volume stands at 332,091,382, which is notably high, suggesting active market participation despite the price downturn. The volume-to-market cap ratio at 105.92% indicates significant liquidity, but the recent price drop raises concerns about market sentiment and potential profit-taking.

Analyzing the moving averages, the 8 SMA at $0.3291, 13 SMA at $0.3332, and 21 SMA at $0.3456 are all declining, reflecting bearish momentum. The 55 SMA at $0.3769 and 144 SMA at $0.3973 also exhibit negative trends, confirming that the medium to long-term outlook remains pessimistic.

The RSI metrics support the bearish sentiment; the 1-hour RSI at 30 indicates oversold conditions, while the 7-day RSI at 40 suggests potential weakness in buying momentum. Furthermore, the 7-day, 14-day, and 30-day price changes of -25.78%, -35.29%, and -37.63%, respectively, indicate a strong downward trend over these periods.

With the all-time high at $4.83 achieved on March 31, 2024, the current price represents a stark decrease, suggesting significant selling pressure. The combination of declining moving averages, negative RSI readings, and a high volume-to-market cap ratio indicates that further downside risk remains.

Given the current technical indicators and fundamental analysis, I recommend a Sell rating for WIF. The current bearish trend, combined with oversold conditions and lack of positive momentum, suggests that investors should exit their positions to avoid potential further losses.