Dogwifhat (WIF) has encountered a significant decline, with its value dropping by 35.95% from its all-time high to $3.0673. Despite this decrease, a bullish flag pattern appears on the daily chart, indicating a possible continuation of an upward trend.
Remarkably, large whale wallets, which hold over 5 million WIF, are increasing their positions during this pullback phase, suggesting confidence in potential resurgence.
Social volume metrics highlight a consistent interest in WIF, even amidst a recent three-day decline in mentions, pointing to sustained investor engagement.
CoinCodex forecasts a possible optimistic outcome for WIF by analyzing current patterns and market dynamics, expecting a rebound in the near term.
