dogwifhat

dogwifhat (ETH)

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<p>The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/dogwifhat-faces-selling-pressure-as-whale-moves-3-47m-to-coinbase/" rel="noopener noreferrer nofollow">Dogwifhat Faces Selling Pressure as Whale Moves $3.47M to Coinbase</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.</p><p>The crypto market witnessed a bullish turnaround during Wednesday’s trading session as <a href="https://cryptosnewss.com/btc-defends-96k-support-analysts-predict-105k-surge/" rel="noopener noreferrer nofollow">Bitcoin retook the $100k floor</a>. The renewed buying momentum uplifted most major altcoins, including WIF, as it held $3 support. However, the whale selling pressure puts <a href="https://cryptosnewss.com/dogwifhat-wif-poised-for-a-20-rally-technical-analysis-insights/" rel="noopener noreferrer nofollow">dogwifhat</a> price at risk for a prolonged correction.</p><p>According to Coingecko, the WIF price trades at $3.04, with an intraday gain of 7%. The asset market cap holds at $3.04 Billion, while the 24-hour trading volume is at $909 Million.</p><ul><li>The dogwifhat price correction witnessing whale selling pressure hints at risk for further correction.</li><li>The ascending trendline in the daily chart drives the current recovery trendline in WIF.</li><li>The $3 level, backed by the 100-and-200-day Exponential Moving Averages, creates a high accumulation zone for buyers.</li></ul><h2 id="header-0">Whale Sell-Off Threatens Dogwifhat Price Stability at $2</h2><p>A crypto whale has recently caught the attention of memecoin investors after depositing their entire holding of 1.2 million WIF tokens, valued at $3.47 million, according to data shared by Lookonchain.</p><p>This whale initially purchased the WIF tokens 11 months ago for $393,000, reflecting a remarkable profit of over $3 million. The significant gain highlights the strategic timing and market insight of the whale, as such large-scale deposits often indicate potential sell-offs or market tops.</p><blockquote>A whale deposited all 1.2M <a href="https://twitter.com/search?q&#61;%24WIF&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a>($3.47M) into <a href="https://twitter.com/hashtag/Coinbase?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> 3 hours ago.This whale bought 1.2M <a href="https://twitter.com/search?q&#61;%24WIF&amp;src&#61;ctag&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">$WIF</a> 11 months ago at a cost of $393K, and now has a profit of more than $3M!<a href="https://t.co/CeCC6iwIX8" rel="noopener noreferrer nofollow">https://t.co/CeCC6iwIX8</a> <a href="https://t.co/WqR6EBg4lA" rel="noopener noreferrer nofollow">pic.twitter.com/WqR6EBg4lA</a>— Lookonchain (&#64;lookonchain) <a href="https://twitter.com/lookonchain/status/1866694165603684860?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 11, 2024</a></blockquote><h2 id="header-1">Support Trendline Drives Major Recovery Trend in WIF</h2><p>Amid the recent market uncertainty, the dogwifhat price recorded a significant correction from $4.8 to $3.04, registering a loss of 38%. If the selling pressure persists, the WIF price could plunge below the 200-day EMA slope at $3, strengthening the selling grip over this asset.</p><p>The anticipated downfall could record a 24% fall before the dogwifhat price seeks support from the ascending trendline at $2.3. Since early November, the dynamic support has acted as a key accumulation zone for buyers amid market correction.</p><p>If the support holds, the dog-themed memecoin could rebound and challenge the overhead resistance at $4.8.</p><p>The post <a href="https://cryptosnewss.com/dogwifhat-faces-selling-pressure-as-whale-moves-3-47m-to-coinbase/" rel="noopener noreferrer nofollow">Dogwifhat Faces Selling Pressure as Whale Moves $3.47M to Coinbase</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p>

Dogwifhat Faces Selling Pressure as Whale Moves $3.47M to Coinbase

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