Dogwifhat (WIF) Price Holds Firm as Whale Wallets Continue Accumulating Dogwifhat

Dogwifhat (WIF) According to the Coindesk Research model in the Coindesk Research technical analysis model, it will continue to attract attention in the middle of volatile market conditions. As for the section of the larger memecoin as measuring the MEMECOIN COINDESK Index(CDME)It is 1.79% in the same period.

The price action created 5.1% in the range of $ 0.821 to $ 0.864, with the critical support confirmed almost $ 0.835 on a significant volume. At the beginning of this week, the sharp assembly attracted profitable, but the technical force remains when WIF holds over the new local floor.

Blockchain analyst shows that whales have accumulated more than 39 million tokens, a formula that copes with a wider rotation of memecines taking place across solana -based assets. This trend comes when Bonk has previously increased to ETF speculation, while WIF repeats key zones with a decreasing volume and less short liquidation.

The passage of “One Big Beautiful Bill” President Trump at the beginning of this week brought short -term peace to the risk markets. Combined with better than expected US tasks, sentiment around risky assets markedly improved and reduced sales pressure related to macro. Although wider cryptots face headwriting and monetary policy shifts, the foundations of WIF remain constructive on the chain.

Since the derivative markets have now flourished-Binance has now facilitated $ 650 trillion in the cumulative volume of futures BTC-collaboration turns to retail tokens that continue to show resistance. If WIF maintains support and rebound volume, the game may be a repeated test of $ 0.86.

Emphasizing technical analysis

• WIF was traded between 0.821 and $ 0.864 during a 24 -hour window ending in July 5 at 14:00 UTC.
• The high bundle is reflected from 0.835 to $ 0.861 confirmed a strong level of support.
• During the 9 -hour session accumulates the accumulation of whales during an increase in volume of 60.7 m.
• In the last hour (13: 06–14: 05 UTC)WIF bounced off from 0.828 to $ 0.831.
• Resistance was formed at $ 0.838 with heavy sales pressure at 13: 25–13: 26.
• Temporary support, which took place at $ 0.828 after a sharp sale between 13: 54–13: 56.
• The modest recovery from the late meeting indicates in the short -term extent of consolidation.

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