It was possible that a range formation between $0.69 and $0.74 would play out over the next few days.

• The intense selling pressure and bearish momentum of WIF could drive prices to $0.35 in coming weeks.
• The build-up of short liquidations overhead could induce high volatility and cascades in the event of a price bounce.

dogwifhat [WIF] has fallen off a cliff on the price charts. In January, WIF was trading around $1.5, the base of a range that it had previously traded within in September.

The rally in November was fully retraced by the 22nd of December, and southward Fibonacci extension levels were the next targets.

At press time, WIF was trading below the prices from March 2024. The $0.35 region, which had been significant last February, could be the next target.