Build-up of liquidation levels around $1-$1.1 hinted at a potential bearish reversal.

• WIF bulls have held the $0.81 demand zone well, but failed to spark a rally
• Clues from the liquidation heatmap indicated a potential reversal from the $1-region

dogwifhat [WIF] retested its former range high as support earlier in June. The most recent retest yielded a positive price reaction for the memecoin. And yet, despite the 26% move higher in two days, WIF bulls still face resistance at the previous week’s high.