Dogwifhat (WIF) is currently priced at $0.187483, reflecting a significant 24-hour decline of 8.51%. The price has fluctuated between a high of $0.20493 and a low of $0.182559 during this period, indicating heightened volatility with a daily range of 0.022371%.

The trading volume stands at 89,155,701, accounting for 47.62% of its market cap, suggesting strong investor interest despite the recent price drop. The short-term 8-period and 13-period Simple Moving Averages (SMA) show slight upward movements, while longer-term SMAs (21, 55, and 144) indicate a bearish trend, which may signal continued selling pressure.

The current 1-hour Relative Strength Index (RSI) is at 31, indicating the asset is nearing oversold conditions, while the 7-day RSI at 45 suggests a neutral trend but points towards potential weakness in momentum. Over the past week, WIF has declined by 16.55%, and the 14-day and 30-day changes are significantly negative at -23.83% and -36.18%, respectively, reflecting broader bearish sentiment.

Despite the recent downturn, the all-time high of $4.83 reached in March 2024 indicates substantial past performance potential. However, the current price is drastically lower, highlighting a disconnect between historical and current valuations.

Given the combination of bearish moving averages, low RSI levels, and a significant price decline over various time frames, the outlook for WIF remains negative. Therefore, the recommendation is to Sell, as the asset appears to be in a downtrend with limited near-term recovery potential.