Dogwifhat (WIF) is currently priced at $0.309769, reflecting a 24-hour decrease of 1.37%. The daily trading range is narrow, with a low of $0.309339 and a high of $0.320483, indicating limited volatility in the short term.

The trading volume stands at approximately 60.13 million, representing 19.43% of the market cap, which suggests a reasonable level of activity for this asset. However, the recent price changes indicate a bearish trend, with a 7-day RSI at 46, approaching oversold conditions but still not indicating a strong buy signal.

Technical indicators reveal that all hourly moving averages are positioned above the current price, with the 8 SMA at $0.3164 and the 144 SMA at $0.3194, suggesting resistance levels. The 1-hour RSI at 32 signals that WIF is nearing oversold territory, which could lead to a short-term price rebound if buying pressure increases.

On the longer-term horizon, WIF has experienced significant declines with a 14-day price change of -19.29% and a 30-day change of -19.05%. The asset's all-time high of $4.83 from March 2024 presents a stark contrast to its current valuation, indicating substantial room for recovery if market conditions improve.

Given the current technical and fundamental analysis, WIF shows potential for a short-term rebound due to oversold conditions and resistance levels. However, the overall bearish trend and significant price declines suggest caution.

Rating: Hold. While there is potential for short-term gains, the long-term downtrend necessitates a wait-and-see approach before considering a Buy.