Dogwifhat (WIF) dropped 7.71% to $0.8253, hitting a low of $0.8232 amid declining trading volume.
Technical analysis suggests WIF faces a crucial support test at $0.82, with potential to drop to $0.78 or rise to $0.94 resistance.
The Relative Strength Index (RSI) at 48.89 and Chaikin Money Flow (CMF) at -0.03 indicate weak momentum and capital outflow, signaling a bearish sentiment.
Traders should closely monitor WIF's price action below $0.82 for possible liquidation, as a sustained recovery requires increased volume and RSI above 50.