Dogwifhat (WIF) is currently priced at $0.341632, reflecting a significant 24-hour decline of 18.22%. The price has fluctuated between a 24-hour high of $0.421788 and a low of $0.327602, indicating volatility in the market.

Trading volume stands at 271,789,462, with a high volume to market cap ratio of 79.95%, suggesting strong market participation despite the price drop. Moving averages indicate bearish trends, with the 8-day SMA at $0.3617 reflecting a 5.55% decrease and the 144-day SMA at $0.4052 showing a decline of 15.68%.

The 1-hour RSI is at an extremely low level of 23, indicating oversold conditions, while the 7-day RSI of 42 suggests a weak momentum but not yet in an oversold territory. The recent 7-day, 14-day, and 30-day price changes of -19.30%, -21.51%, and -32.99% respectively highlight a prolonged bearish trend.

Given that WIF's all-time high was $4.83 on March 31, 2024, current prices are dramatically lower, indicating potential for recovery if market sentiment shifts. However, the current technical indicators suggest continued bearish pressure in the short term, with significant resistance at higher moving averages.

Considering the overwhelming bearish trend and lack of short-term positive momentum, the rating for Dogwifhat (WIF) is a Sell. Investors should look for stabilization or reversal signs before considering entry points, as the current conditions do not support a bullish outlook.