WIF’s Whale of a Time!

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Well, old chap, it seems that Dogwifhat (WIF) is still the cat’s pajamas, despite the market being as volatile as a plate of Aunt Agatha’s infamous three-alarm chili 🌶️. The token has been consolidating around $0.8319, after taking a bit of a tumble – 1.17% to be exact – over the past 24 hours, according to those frightfully clever folks at CoinDesk Research.

Now, let’s take a gander at the numbers, shall we? 📊

  • WIF has been trading in a 5.1% range between $0.821 and $0.864 over the past 24 hours. Not too shabby, if I do say so myself.
  • There’s been a high-volume reversal from $0.835, which suggests that the whale-backed support zone is holding steady. Good show, whales! 🐳
  • Those whale wallets have accumulated a whopping 39 million WIF, which is a jolly good indication that the memecoin rotation is in full swing. 🎉

As we take a look at the price action, we see that it’s formed a 5.1% range from $0.821 to $0.864, with critical support confirmed near $0.835 on significant volume. And, by Jove, it looks like WIF is holding above its new local floor! 🌟

Now, I know what you’re thinking, old bean: what about the blockchain analytics? 🤔 Well, it seems that those whale wallets have accumulated more than 39 million tokens, which is a pattern that aligns with the broader memecoin rotation underway across Solana-based assets. And, if I might say so, it’s a bit of a kerfuffle, what with BONK surging earlier on ETF speculation, and WIF retesting key zones with declining volume and fewer short liquidations. 🤯

But fear not, dear reader, for the passage of President Trump’s “One Big Beautiful Bill” by Congress earlier this week has brought a bit of calm to the risk markets. And, with better-than-expected U.S. jobs data, sentiment around risk assets has improved marginally, reducing macro-related selling pressure. So, it seems that WIF’s on-chain fundamentals remain constructive, despite the broader crypto market facing headwinds from shifting trade and monetary policy dynamics. 🌈

And, finally, let’s take a look at the technical analysis highlights, shall we? 📊

  • WIF traded between $0.821 and $0.864 over the 24-hour window ending July 5 at 14:00 UTC.
  • High-volume bounce from $0.835 to $0.861 confirmed strong support level. Good show, WIF! 🎉
  • Whale accumulation spiked during a 60.7M token volume surge over a 9-hour session. Blimey, that’s a lot of tokens! 🤯
  • In the final hour (13:06–14:05 UTC), WIF rebounded from $0.828 to $0.831. A modest recovery, indeed.
  • Resistance formed at $0.838 with heavy sell pressure at 13:25–13:26. A bit of a sticky wicket, that.
  • Temporary support held at $0.828 after sharp sell-off between 13:54–13:56. A close call, if I do say so myself.
  • Modest late-session recovery hints at short-term consolidation range. Well, we shall see, won’t we? 🤔

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2025-07-05 18:44