Whales are buying dogwifhat (WIF) at 0.76 USD, reinforcing confidence in its medium outlook. The open interest in WIF futures has risen, indicating increased institutional engagement. However, the divergence between spot accumulation and reduced futures volume highlights a need for caution.
Currently, the 0.76 USD support is vital for WIF. If this level holds, it could enhance bullish momentum towards higher resistance levels. Yet, if futures continue to decline, this might limit upward movement and lead to a period of consolidation.
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