Happycoin.club - Members of the crypto community believe that the Dogwifhat (WIF) token dedicated to the dog meme will continue to fall in price until its rate reaches the bottom.
The downward trend in the Dogwifhat market began on May 29, and the price of the coin has already dropped by 61%. However, on June 24, there was light at the end of the tunnel as the cryptocurrency began to correct after hitting a low of $1,575. However, the trader known as blockgraze does not believe the bearish trend is ending.
Many people say that the WIF market is in the accumulation phase, but I just checked the chart and it seems like no one is accumulating tokens,” wrote blockgraze.
Judging by the trading volume on the Binance exchange, blockgraze is right. Since June 13, the number of tokens sold has noticeably exceeded the number of purchased ones, so the value of Dogwifhat has been falling rather than fluctuating around the same level, as usually happens during the accumulation period. But, given the fact that trading volume is decreasing, the level of volatility of the coin exchange rate should decrease. In this case, a flat will appear in the market.
The fall in the Dogwifhat rate and fluctuations in the volume of token trading on the Binance exchange
It [the Dogwifhat course] comes in a box. We're all waiting for it to hit rock bottom. Nobody wants to buy tokens while their price hangs at the top of the box,” said a user of the social network X davis, banned in Russia.
