The WIF meme coin is trading below what some believe is a concerning price level, but many traders are seemingly “betting on a WIF bounce.”
Dogwifhat (WIF) has plummeted 10.22% over the past 24 hours to a level one analyst believes could be “catastrophic” for the meme coin, though traders are hopeful of a quick price rebound.
Currently trading at $3.37, it comes only three days after WIF briefly dipped below crucial support levels at $2.96 on May 27, per CoinMarketCap data.
It is now trading 3.7% below a concerning price benchmark, according to crypto trader Jack Skipp aka “CryptoJack.”
