Dogwifhat (WIF) has experienced a significant downturn, losing 8.89% against the US Dollar in the past 24 hours. This decline is part of a broader market trend, with the total cryptocurrency market cap decreasing by 7.04% during the same period. WIF also underperformed against Bitcoin, recording a 4.81% loss.

Despite a bullish medium-term trend, the current sentiment for Dogwifhat is bearish. The Fear & Greed index stands at 69, indicating greed, which could suggest an overvalued market. Key support levels are $2.52, $2.46, and $2.38, while resistance levels are $2.65, $2.73, and $2.79.

Investors should remain cautious as the market displays high volatility and unpredictable movements.