Dogwifhat (WIF) is currently priced at $0.378028, experiencing a 24-hour decline of 6.60%. The price volatility within the last day has been moderate, with a daily range of $0.036178 between the high of $0.404722 and the low of $0.368544.

Trading volume stands at 170,119,786, contributing to a market cap volume ratio of 45%, indicating significant trading activity relative to its market cap. Technical indicators show that the 1-hour RSI is at 33, signaling potential oversold conditions, while the 7-day RSI at 52 suggests a neutral trend in the short term.

Moving averages provide mixed signals; the 8 SMA shows slight bullish momentum at +1.27%, while the longer-term 55 SMA and 144 SMA indicate bearish trends, with declines of -9.00% and -9.35%, respectively. The 14-day price change is down 7.62%, and the 30-day change is a more substantial -21.05%, reflecting a longer-term bearish sentiment.

The all-time high for WIF remains significantly elevated at $4.83, recorded on March 31, 2024, but current pricing reflects a substantial retracement from this peak. Given the recent price action, over the past week there has been a positive price change of 14.02%, suggesting potential recovery.

Considering the technical indicators, the current price is near the support level indicated by the 8 SMA, and the oversold RSI may present a buying opportunity. However, the longer-term bearish indicators caution against aggressive buying.

In summary, the market conditions for WIF indicate a short-term buying opportunity with potential recovery signals; however, caution is warranted due to prevailing bearish trends. Therefore, the recommendation for Dogwifhat (WIF) is a Hold, as traders should monitor for confirmation of a trend reversal before committing to new positions.