{"id":393382,"date":"2024-05-20T20:30:20","date_gmt":"2024-05-20T15:00:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=393382"},"modified":"2024-05-20T13:59:01","modified_gmt":"2024-05-20T08:29:01","slug":"dogwifhat-dips-whale-invests-whats-next-for-wif-prices","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogwifhat-dips-whale-invests-whats-next-for-wif-prices\/","title":{"rendered":"Dogwifhat dips, whale invests! What\u2019s next for WIF prices?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">WIF saw an over 2% increase in value.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">A whale has accumulated over 200,000 so far.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/dogwifhat-unable-to-cross-3-6-will-wif-plummet-to-2-4\/\" target=\"_blank\" rel=\"noopener\">dogwifhat<\/a> [WIF] was one of the <a href=\"http:\/\/ambcrypto.com\/crypto-market-weekly-review-19-may\/\" target=\"_blank\" rel=\"noopener\">biggest losers<\/a> in the past week, experiencing significant price declines. Despite this downturn, there has been a notable accumulation from a particular wallet, indicating some investor confidence or strategic buying amidst the dip.<\/span><\/p>\n<h4><b>Whale accumulates dogwifhat<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">According to data from <a href=\"https:\/\/x.com\/lookonchain\/status\/1792421362986049785?s=46\" target=\"_blank\" rel=\"noopener\">Lookonchain<\/a>, a newly created wallet recently withdrew $1.8 million worth USDC from Coinbase. This wallet then used 606,000 USDC to buy 227,896 <a href=\"http:\/\/ambcrypto.com\/dogwifhat-to-hold-or-not-to-hold-this-memecoin-today\/\" target=\"_blank\" rel=\"noopener\">dogwifhat<\/a>\u00a0at approximately $2.66 per token. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The accumulation is ongoing, with the wallet still holding about 1.2 million USDC. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This purchase is notable because WIF had been experiencing significant downtrends over the past seven days, making this trade a bullish move despite the recent declines.<\/span><\/p>\n<h4><b>WIF stays in a bear trend<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Analysis of the <a href=\"http:\/\/ambcrypto.com\/dogwifhat-price-prediction-is-5-still-on-the-cards-for-wif\/\" target=\"_blank\" rel=\"noopener\">dogwifhat<\/a>\u00a0price trend on a daily time frame showed that WIF experienced an uptrend only once in the last seven days. This occurred on 15th May, when the price increased by 9.50% to trade above $3. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it subsequently declined, reaching around $2.50 by 19th May after an almost 1% drop. At the time of this writing, WIF was trading at approximately $2.60, reflecting a 3% increase.<\/span><\/p>\n<figure id=\"attachment_393385\" aria-describedby=\"caption-attachment-393385\" style=\"width: 1793px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10.png\"><img decoding=\"async\" class=\"wp-image-393385 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10.png\" alt=\"dogwifhat price trend\" width=\"1793\" height=\"740\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10.png 1793w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10-1536x634.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/WIFUSDT_2024-05-20_07-58-10-1200x495.png 1200w\" sizes=\"(max-width: 1793px) 100vw, 1793px\" \/><\/a><figcaption id=\"caption-attachment-393385\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, the Relative Strength Index (RSI) analysis indicated a poor price trend over the past few days. The RSI was below the neutral line, signaling a bearish trend. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only time in the past few weeks that WIF was clearly above the neutral line was during the over 9% increase on 15th May. Since then, it has remained below the neutral line.<\/span><\/p>\n<h4><b>WIF sees more long liquidations<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Analysis of the <a href=\"http:\/\/ambcrypto.com\/dogwifhat-wif-sees-1m-in-long-liquidations-as-price-tumbles-what-now\/\" target=\"_blank\" rel=\"noopener\">dogwifhat<\/a> liquidation trend on Coinglass showed that long positions have experienced more liquidation in the past few days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicated that traders who were expecting the price of WIF to increase have had their positions wiped out due to the recent price declines. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Between the 18th and 19th of May, over $2.3 million in long positions were liquidated.<\/span><\/p>\n<figure id=\"attachment_393388\" aria-describedby=\"caption-attachment-393388\" style=\"width: 1852px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7.png\"><img decoding=\"async\" class=\"wp-image-393388 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7.png\" alt=\"dogwifhat liquidation\" width=\"1852\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7.png 1852w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7-1024x290.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7-1536x435.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/download-7-1200x340.png 1200w\" sizes=\"(max-width: 1852px) 100vw, 1852px\" \/><\/a><figcaption id=\"caption-attachment-393388\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here&#8217;s <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\">WIF&#8217;s market cap in BTC&#8217;s<\/a> terms<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\"> At the time of this writing, short positions were seeing more liquidations due to the recent uptrend in WIF&#8217;s price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given that the whale wallet accumulated WIF at around $2.66, a fall below this price range would result in a loss for these holdings.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A whale wallet has spent over $600,000 so far to accumulate WIF at around the $2.6 price range.<\/p>\n","protected":false},"author":76,"featured_media":393391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[6427],"class_list":["post-393382","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogwifhat dips, whale invests! 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