Dogwifhat (WIF) is currently priced at $0.2832, reflecting a 24-hour decrease of 2.28%. The price has oscillated between a daily high of $0.2942 and a low of $0.2831, indicating a narrow daily range of 0.011083%, which suggests limited volatility in recent trading.

The trading volume stands at approximately 107.88 million, contributing to a volume-to-market cap ratio of 38.14%, indicating a healthy level of trading activity relative to its market capitalization. The hourly moving averages show a bearish trend across all time frames, with the 8 SMA at $0.2864 and the 144 SMA significantly higher at $0.3140, suggesting sustained downward pressure on the price.

The Relative Strength Index (RSI) metrics further support this bearish outlook; the 1-hour RSI is at 23, signaling strong oversold conditions, while the 7-day RSI at 41 indicates potential weakness but not yet in the oversold territory. Over the past week, WIF has declined by approximately 15.76%, and over the last 14 days, the price has dropped 26.64%, contrasting with a modest 4.44% increase over the last 30 days.

Given the proximity to the all-time high of $4.83 reached on March 31, 2024, the current price represents a substantial drawdown. The existing technical indicators, particularly the bearish moving averages and low RSI levels, suggest that any immediate recovery may be limited without a significant catalyst.

In summary, the overall market conditions and technical analysis point towards a continued bearish trend for Dogwifhat (WIF). Based on the current data, a Sell rating is warranted, as further downside risk appears prevalent in the near term.