Dogwifhat (WIF) is currently trading at $0.339648, reflecting a significant decline of 9.67% over the past 24 hours. The price has seen a daily range between $0.330958 and $0.379388, indicating increased volatility, with a volume of 115,532,756 contributing to a market cap volatility ratio of 34.05%.

Technical indicators suggest a bearish trend, as the hourly moving averages show declines ranging from -9.20% to -12.76%, indicating that the price has consistently traded below these key levels. The 1-hour RSI at 18 signals extreme oversold conditions, while the 7-day RSI of 46 suggests that momentum is weak, and the asset is near a potential reversal point.

From a fundamental perspective, WIF's recent price changes have been negative across multiple time frames, with a 7-day price drop of 10.90% and a 14-day decline of 15.32%. The all-time high of $4.83, reached on March 31, 2024, casts a long shadow over current performance, suggesting substantial room for recovery but also highlighting the risk involved.

Given the current bearish momentum, oversold conditions indicated by the RSI, and recent price action, investors may want to adopt a cautious approach. As the asset has not demonstrated any signs of recovery in the short-term, a "Hold" rating is advised, allowing for potential price stabilization while monitoring for reversal signals.