Dogwifhat (WIF) is currently priced at $0.221454, reflecting a significant decline of 9.39% over the last 24 hours. The asset's daily trading range was between $0.216603 and $0.252129, indicating high volatility but a bearish trend in the short term.

Volume has surged to 141,487,567, representing 63.56% of the market cap, suggesting strong trading activity relative to its market size. However, this volume accompanies a notable price drop, which typically indicates selling pressure outweighs buying interest.

Technical indicators show that all key moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) are trending downwards, with the 55 SMA at $0.2494 reflecting an 11.21% decline. The hourly RSI at 16 indicates the asset is heavily oversold, while the 7-day RSI at 39 suggests bearish momentum is still present.

Over the past week, WIF has lost 25.76% of its value, and over the last 30 days, it has plummeted by 53.61%. The drastic decline from its all-time high of $4.83, recorded in March 2024, illustrates a severe loss of market confidence and buyer interest.

Given the current price action, oversold conditions, and lack of bullish momentum, WIF does not present a favorable buying opportunity at this time. The combination of high selling pressure and significant price declines leads to a Sell rating, with the potential for further declines unless market conditions change significantly.