Dogwifhat’s price (WIF) at a make-or-break level – will it fall by 25%?

WIF is trading around 0.559 USD after a recent decline of 5.5% over 24 hours. A bearish outlook is supported by a funding rate of -0.00103%, with a significant short position among traders.

If WIF cannot maintain the 0.545 USD support level, it risks falling to 0.41 USD. On the other hand, sustaining this level could allow the memecoin to regain upward momentum.