Hello guys,

It's huge and huge#alertAbout $WIF Liquidation 1 million dollars !!!

dogwifat [WIF] Sees Liquidation of $1M Long Position as Price Dips: Now What?

The price of WIF plummeted significantly over the past few days, leading to a spike in buy order liquidations.

Dogwifat [WIF] has been a favorite memecoin in the crypto space for quite some time now. With a large number of investors backing memecoin, the token has seen tremendous growth.

Merchants are affected

However, due to recent price movements, traders have suffered significant losses when it comes to WIF's price action.

In the past 24 hours, over $1 million worth of long positions were liquidated.

This happened because WIF prices dropped significantly during this period.

The price of memecoin has dropped 7.26% and is trading at $2.59 at the time of writing.

This decline is not a temporary correction but part of a larger trend. Since the beginning of May, WIF prices have decreased.

During this period, the token exhibited more lows and lower highs, indicating a bearish trend.

CMF (Chaikin Cash Flow) also decreased significantly during this period, implying that overall cash flow into the token has decreased.

Along with that, the RSI (Relative Strength Index) also decreased, showing that the bullish momentum around WIF has weakened significantly.

If WIF price continues to face this type of selling pressure, it could soon surpass $2.4794.#CMEBitcoinSpotTrading#MemeWatch2024#Write2Earrn#WIF🔥🔥