The dogwifhat (WIF) token shows active growth following its three-week high. Buying volumes exceeded selling volumes, indicating a shift in market control.
Increase in Purchases and Market Control Shift
Over the last 48 hours, buyers acquired more than 72 million WIF tokens. Data from trading platform Coinalyze shows that buying volume surpassed selling volume. On Thursday, buying volume was $9.44 million against $8.88 million in sales, and on Wednesday – $63 million against $61 million. This indicates a renewed interest from buyers after a period of seller dominance.
Derivatives Dynamics and Open Interest
Open interest for WIF increased by 25.51%, reaching $441.49 million. Trading volume for WIF futures jumped by 88.9%, totaling $2.3 billion. A positive funding rate suggests that most traders expect further price growth.
Technical Analysis and Market Narratives
Technically, the WIF token is attempting to break out of a descending channel that has formed since the March 2025 high. Currently, the token is consolidating between $0.87 and $0.95, forming what looks like a bullish wedge. Analysis indicates that a move above $0.95–$0.98 could trigger an impulsive rise towards levels of $1.12 and higher.
Current market conditions suggest a possible short-term increase for dogwifhat (WIF). Buyer interest, increased trading volumes, and positive technical indicators create a foundation for potential further strength.
