- WIF stays a key participant within the memecoin market, holding 16.80% of buying and selling exercise regardless of stiff competitors.
- Technical indicators present a bearish pattern, with WIF buying and selling under main shifting averages and nearing oversold RSI ranges.
- Market sentiment leans bearish, with shorts dominating 56.43% of positions in keeping with the Lengthy/Brief Ratio.
Even with the market dealing with stress, the memecoin area confirmed no indicators of slowing down in 2025. Among the many chaos, dogwifhat (WIF) managed to carry its floor, staying firmly within the highlight as one of many sector’s key gamers.
WIF’s function within the memecoin ecosystem
While you zoom out, WIF’s efficiency reveals lots about how memecoins are evolving. With new gamers popping up and veteran tokens battling for consideration, the area is as aggressive as ever. And WIF? It’s proper within the thick of it.
WIF nonetheless instructions important exercise
Take the buying and selling exercise, as an illustration. Knowledge from Dune Analytics locations WIF among the many top-trending memecoins currently—a spot it’s held for days now.
On January twenty second, the memecoin buying and selling quantity versus the circulating market cap ratio hit a notable excessive. The newly launched TRUMP coin claimed a dominant 37.43% of exercise, however WIF wasn’t far behind, holding robust at 15.56%.
Quick ahead to current days, and there’s been a shift. TRUMP’s slice of the pie dropped to 29.43%, whereas WIF climbed a bit, now sitting at 16.80%. Progress, albeit modest.
supply: DuneAnalytics
Canine-themed tokens main the pack
As per CoinGecko, the whole memecoin market was valued at round $109 billion, with a jaw-dropping $71 billion belonging to dog-themed tokens—WIF included.
Even with a major $1.2 billion market cap, although, WIF hasn’t been resistant to the broader downturn, taking a pointy 20% dive over the past week.
Technical evaluation: Clouds on the horizon
At press time, the WIF/USDT pair was buying and selling at $1.264, marking a small 1.17% decline.
Trying deeper, the shifting averages paint a troubling image. The 50-day MA (2.013) sits under the 200-day MA (2.210), forming a bearish crossover. In the meantime, costs proceed to hover under each traces.
Buying and selling quantity, nevertheless, stays energetic at 10.51M WIF, displaying there’s nonetheless life available in the market regardless of the downward pattern.
The RSI studying tells an identical story. Sitting at 31.53, it’s creeping near oversold territory, though the general momentum nonetheless leans bearish. All in all, the technical setup displays what the previous week has proven: sellers aren’t letting up anytime quickly.
Market sentiment and positioning
Now, let’s speak sentiment. The Lengthy/Brief Ratio affords a glimpse into dealer habits. As of now, the ratio is at 0.7721, with shorts dominating at 56.43% in comparison with 43.57% longs.
This imbalance underscores the present bearish sentiment, reinforcing the worth decline.
If we glance again on the historic knowledge (January 21–26), there have been moments of optimism—spikes within the ratio above 1.10 confirmed flashes of bullish sentiment. However these moments had been fleeting. The broader pattern saved snapping again under 1.0, sustaining a bearish tone.
What’s subsequent for WIF?
All indicators level to continued stress for WIF, even with its simple place within the memecoin world. The unstable buying and selling, coupled with stiff competitors from newer tokens like TRUMP, highlights the unpredictable nature of this market.