In the last four hours, the market for Dogwifhat (WIF) against Tether (USDT) has seen a notable downturn. As of now, WIF is trading at approximately $2.07, reflecting a decline of about 5.64% in the last 24 hours. Over the past week, the price has decreased by roughly 11.39%, indicating a broader trend of bearish sentiment surrounding this cryptocurrency.
Traders are observing several technical indicators as WIF navigates this downward trend. Currently, oscillators and moving averages indicate a neutral to bearish outlook, suggesting potential caution for new long positions. Despite this, some analysts are looking for entry points, with suggestions that WIF could present a buying opportunity if it approaches the $2 mark.
Moreover, the overall cryptocurrency market has been affected by various external factors, including macroeconomic
