WIF Price Performance and Relative Strength

dogwifhat WIF

Current Price

$0.3508 +3.32%

$0.0204 Daily Range (5.81%)

$0.3359$0.3563

$103.45M Daily Volume

1,118 BTC

Vol/MktCap: 29.49%

Resistance Zone

HTF: 41 (Support Zone)

Market Performance

+3.38% 0.00000379 BTC

+3.78% 0.0001 ETH

+3.35% 0.3511 USDT

+2.53% 0.0004 BNB

+2.81% 0.1781 XRP

0.31% Relative BTC Volume

The total volume of dogwifhat is $103.45M over the past 24 hours, compared to $33.81B total Bitcoin volume.

Hourly Moving Average

8 SMA $0.3507 +0.03%

13 SMA $0.3470 +1.12%

21 SMA $0.3442 +1.93%

55 SMA $0.3620 -3.08%

144 SMA $0.3823 -8.23%

-0.53% 1 Hour Change

$0.3508 from $0.3527

-5.33% 7 Day Change

-$0.0187 from $0.3695

-14.69% 14 Day Change

-$0.0515 from $0.4024

+2.28% 30 Day Change

$0.0080 from $0.3428

March 31, 2024

$4.83 -92.75%

-$4.48 vs. now

$350.83M Market Cap

3,793 BTC

24H Change

11.73M USD +3.46%

127 BTC

Total Supply: 998.93M WIF

998.93M WIF Available

100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

50.00 x BTC Supply

50:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

298.91M WIF traded over past 24 hours

29.92% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

Web Search

Conversion Tool

dogwifhat AI Market Analysis

Dogwifhat (WIF) is currently trading at $0.350826, reflecting a 3.32% increase over the last 24 hours. The price fluctuated between a low of $0.335898 and a high of $0.356264, indicating a daily range of approximately 5.68%, which suggests moderate volatility.

The trading volume stands at 103,447,825, representing 29.49% of the market cap. This volume is significant, as it indicates robust market activity, although the volatility may also suggest speculative trading behavior.

Looking at the moving averages, the 8-period SMA at $0.3507 is slightly bullish at +0.03%, while the 13-period SMA at $0.3470 shows a stronger upward momentum at +1.12%. In contrast, the 21-period SMA at $0.3442 and the 55-period SMA at $0.3620 are showing bearish trends, with declines of -1.93% and -3.08%, respectively, which may signal potential resistance at higher levels.

The RSI readings further highlight the market's condition; the 1-hour RSI is at 68, indicating near overbought conditions, while the 7-day RSI at 41 suggests the asset is approaching oversold territory. This divergence suggests that the short-term bullish sentiment may be losing strength against a more bearish medium-term outlook.

Over the past week and two weeks, WIF has experienced price declines of -5.33% and -14.69%, respectively, indicating a potential bearish trend. However, a slight uptick of 2.28% over the past 30 days suggests some recovery, which may attract investors looking for lower entry points.

Considering the significant difference between the current price and the all-time high of $4.83, there is substantial upside potential. However, the current technical indicators and recent performance metrics suggest caution is warranted, as the asset is facing resistance and potential overbought conditions.

In conclusion, the current market dynamics suggest a Hold rating for WIF. While there are opportunities for short-term gains, the mixed signals from the moving averages and RSI indicate that waiting for clearer bullish indicators or a pullback may be more prudent before entering a position.

Updated 1 minutes ago.