Dogwifhat (WIF)

Dogwifhat (WIF)
Dogwifhat started the week on a positive note however, the bulls could not sustain more and the price suffered rejection from the $1.80. Dogwifhat has wiped off nearly 30% of its value this week and has emerged the worst performer cryptocurrency this week.

The daily chart highlights a resumption of the selling wave after a short term pullback. Earlier, WIF price encountered a strong selling pressure in the last week of July and made a breakdown of the monthly lows.

The previous week saw a pullback in the Dogwifhat price after a sharp fall. However, this week, WIF could not continue with the gains and suffered losses. On the lower side, the price has 15% more room till the recent demand zone at $1.21.

The sellers seem to be dominating in the short term as well as the long term and WIF may continue to erase the gains. The technical indicators are leaving a bearish note on a combined analysis.