Summary
WIF price is following a bearish path after corrections, with skepticism among investors likely leading to a drop to $2. Liquidation of long contracts and lack of support may further drag down the price. The RSI failed to regain bullish momentum, and if the $2.36 support level is broken, WIF could fall to $2. However, if it bounces back, it could reclaim $3.
Key Points
1. Dogwifhat (WIF) price has fallen out of a bullish pattern and is following a bearish path after a week of corrections.
2. The skepticism among investors is likely to lead to a further drawdown in WIF price, potentially reaching $2.
3. The liquidation of over $13 million worth of long contracts and lack of support from investors or broader market cues may continue to drive WIF price downwards.