๐Dogwifhat (WIF) has taken a nosedive, dropping 10.22% in the past 24 hours. CryptoJack warns this could be a "catastrophe" if it doesn't bounce back above $3.5 soon. ๐ฑ But don't lose hope, Ponzi Trader sees a reversal pattern forming. Could a quick recovery be on the cards? ๐ค
WIF is still up 27% over the past 30 days, but if it revisits its low, $20 million in long positions could vanish. ๐ธ Despite the dip, futures traders are ramping up their WIF positions, with Open Interest at a 2-month high.
Among the top 100 cryptos, WIF took the biggest hit, with BONK, BOME, and SHIB also feeling the pinch.
Got thoughts on WIF's rollercoaster ride? Drop a comment below! ๐