Dogwifhat (WIF) is currently trading at $0.369685, reflecting a slight decline of 0.77531% over the past 24 hours. The daily price range has shown volatility, with a high of $0.390153 and a low of $0.366984, indicating a relatively narrow trading corridor.

The trading volume stands at 131,026,166, contributing to a market cap volume ratio of 35.47%, suggesting healthy liquidity for potential buyers and sellers. Moving averages reveal a bearish trend across various time frames; the 8-hour, 13-hour, and 21-hour SMAs are all declining, reinforcing a lack of short-term momentum.

The 1-hour RSI is at 33, indicating that the asset is nearing oversold territory, while the 7-day RSI of 41 suggests weakening bullish momentum. Despite a notable price increase of 27.43% over the past 14 days, the 7-day and 30-day price changes of -8.98% and -6.80%, respectively, indicate recent selling pressure.

The all-time high for WIF was recorded at $4.83 on March 31, 2024, highlighting significant room for potential recovery but emphasizing the current steep decline from that peak. Given the overall technical indicators and the bearish sentiment in the short to medium term, the asset faces challenges in regaining upward momentum.

Based on this data analysis, the current market conditions for WIF suggest a Hold rating. Investors should monitor for signs of reversal or sustained recovery before committing additional capital, as current indicators do not favor immediate buying opportunities.