The post Dogwifhat (WIF) Struggles at $0.73 as Selling Pressure Deepens appeared on BitcoinEthereumNews.com.

Dogwifhat continues to face sustained downside pressure, with the token sliding to $0.73 at the time of writing. This marks a 2.85% decline over the past 24 hours, pushing its market capitalization down to $729.35 million. Trading volume sits at $77.4 million, reflecting steady participation but little evidence of a bullish reversal. A Market Losing Momentum Short-term price action shows WIF trading near $0.712 earlier in the session, extending its bearish trajectory from the sharp sell-off that began on the 22nd. Despite occasional attempts to stabilize, every rebound has been shallow, leaving the coin in a clear downward trend. Candlestick patterns reinforce this weakness, with sellers consistently rejecting upward moves and maintaining control over market direction. Source: Open Interest Adding to the bearish tone, open interest in derivatives trading has been sliding in parallel with spot prices. From highs above 181 million earlier in the week, aggregated open interest has edged lower to roughly 183 million. While the difference may seem modest, the downward drift highlights fading speculative interest, as traders cut exposure amid waning confidence. This combination of shrinking open interest and continued price declines often reflects a market losing both momentum and speculative volume. In such environments, liquidity thins, volatility rises, and sellers tend to dominate unless a strong catalyst sparks demand. WIF Struggles to Hold Support Amid Persistent Selling On one hand, the coin continues to face headwinds, with the token trading at $0.73, marking a 2.85% decline in the past 24 hours. The coin’s market capitalization has decreased to $729.35 million, while its daily trading volume stands at approximately $77.4 million, indicating active participation despite the downward trend. The crypto currently ranks 138th among cryptocurrencies, a position that highlights its niche presence while also underscoring its vulnerability to volatility. Source: BraveNewCoin The price action shows a…

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Filed under: News - @ September 28, 2025 9:20 pm