Dogwifhat (WIF) is currently priced at $0.191327, experiencing a significant 24-hour decline of 10.50%. The daily trading range shows limited volatility, with a high of $0.214399 and a low of $0.191508, indicating a narrow price movement of 0.022891%.

Trading volume stands at 70,521,444, representing 36.83% of its market cap, suggesting relatively high activity in the market despite the price drop. Short-term moving averages are all in decline, with the 8 SMA at $0.2028 (-5.65%) and the 13 SMA at $0.2036 (-6.03%), indicating bearish momentum.

The 1-hour RSI is extremely low at 13, suggesting that WIF is heavily oversold in the short term. However, the 7-day RSI is at 44, reflecting a neutral stance, while the 7-day price change of -15.34% and the 14-day change of -14.80% indicate persistent downward pressure over the past two weeks.

In the broader context, the price has decreased by 38.08% over the last 30 days, which signals a trend of declining investor confidence. The all-time high of $4.83 achieved on March 31, 2024, remains a distant target, emphasizing the current struggles of WIF.

Given the current bearish trend, oversold conditions, and significant recent declines, a cautious approach is warranted. Therefore, the rating is Hold; while the price is oversold, a lack of positive catalysts and continued downward momentum suggests that further declines could occur before a potential reversal.