Dogwifhat (WIF) is currently priced at $0.222363, reflecting a 24-hour decline of 4.21%. The daily trading range has been tight, with a high of $0.233736 and a low of $0.222573, indicating limited volatility despite substantial trading volume of 79,491,212, which constitutes 35.76% of its market cap.

Technical indicators show a bearish sentiment, as the 1-hour RSI is at 35, suggesting a potential oversold condition. The short-term moving averages (8 SMA and 13 SMA) are both down 2.51%, indicating consistent downward pressure, while the 21 SMA and 55 SMA are also trending lower, underscoring a broader downtrend.

From a longer-term perspective, the 7-day RSI at 45 and the 14-day price change of -31.87% reflect ongoing weakness, as WIF has depreciated over 41% in the past 30 days. The all-time high of $4.83, reached on March 31, 2024, indicates significant potential; however, the current price is drastically lower, suggesting a lengthy recovery may be necessary.

Given the current technical indicators and price trends, WIF is in a bearish phase with no immediate signs of recovery. The combination of negative price momentum, weak RSI readings, and downtrending moving averages supports a Sell rating at this time, as the likelihood of further downside remains high.