WIF Holds Key Support as Whales Accumulate Over 39M Tokens
2025-07-05 16:26:51
Main Idea
WIF maintains key support levels with significant whale accumulation, indicating potential bullish momentum despite minor losses.
Key Points
1. WIF traded between $0.821 and $0.864, showing resilience with a 5.1% range over 24 hours.
2. High-volume reversal from $0.835 suggests strong whale-backed support.
3. Whale wallets accumulated 39 million WIF tokens amid increasing memecoin rotation.
4. Technical analysis indicates critical support near $0.835, with resistance forming at $0.838.
5. A rebound from $0.828 to $0.831 in the final hour highlights temporary support holding.
Description
Dogwifhat (WIF) continues to draw attention amid volatile market conditions, with the token consolidating around $0.8319 after dipping 1.17% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the greater memecoin section as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period. Price action formed a 5.1% range from $0.821 to $0.864, with critical support confirmed near $0.835 on significant volume. A sharp rally earlier this w...
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