The WIF price continued its downward trend, reaching its lowest level since July 2, as most Solana meme coins retreated. 

随着大多数Solana Meme硬币撤退，Wif价格继续下降趋势，达到了7月2日以来的最低水平。 

Dogwifhat (WIF) token pulled back to $0.7885, even as whale accumulation continued and exchange reserves fell. It has dropped by 40% from its highest level this year.

Dogwifhat（Wif）代币将返回到0.7885美元，即使鲸鱼的积累持续并且兑换储量下降。从今年的最高水平下降了40％。

Nansen data shows that the WIF crypto price has crashed despite having some strong fundamentals. Whales have continued to accumulate it in the past few days. They now hold 36.81 million tokens, up from this month’s low of 34 million. 

Nansen的数据显示，尽管有一些强大的基本原理，但Wif加密货币价格却崩溃了。在过去的几天中，鲸鱼继续积聚。他们现在拥有3681万个令牌，而本月的低点为3400万。 

Increased whale purchases are a sign that these investors anticipate that it will rebound once the ongoing crash ends.

鲸鱼购买的增加表明，这些投资者预计一旦发生崩溃，它将反弹。

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Meanwhile, other data show that the supply of WIF tokens on exchanges has continued falling in the past few weeks and is now at its lowest level in over a month. There are now 611 million WIF tokens on exchanges like Binance, Robinhood, Kraken, and Bybit, down from last month’s high of 627 million.

同时，其他数据表明，在过去几周中，交易所中的Wif令牌的供应持续下降，现在一个月以上的水平处于最低水平。现在，诸如Binance，Robinhood，Kraken和Bybit等交易所中有6.11亿个Wif令牌，比上个月的6.27亿高点下降。

Falling exchange reserves are a sign that investors are moving their coins from exchanges to self-custody, a sign that they intend to hold them for longer.

下降的交换储备表明投资者正在将硬币从交易所转移到自我客户，这表明他们打算将它们持续更长的时间。

However, two potential risks could hinder the WIF token price rebound. First, the derivative market shows that demand from traders is waning as the open interest has plunged to $367 million from last month’s high of $643 million.

但是，两个潜在的风险可能会阻碍Wif令牌价格反弹。首先，衍生品市场表明，交易者的需求正在减弱，因为开放兴趣已从上个月的6.43亿美元的高点跌至3.67亿美元。

More data in the futures market show that the weighted funding rate has recently turned negative, signaling that investors anticipate that its future price will be lower than the current one.

期货市场中的更多数据表明，加权融资率最近变成负面，这表明投资者预计其未来价格将低于当前的价格。

WIF price technical analysis 

WIF价格技术分析 

The other major risk facing the WIF crypto is that it has formed a double-top pattern at $1.3195 and a neckline at $0.6387, its lowest on June 22. A double-top pattern is a common bearish reversal pattern.

Wif Crypto面临的另一个主要风险是，它已经形成了1.3195美元的双顶图案，并以0.6387美元的价格组成了两种款式，最低的是6月22日。双顶图案是一种常见的看跌逆转模式。

Dogwifhat price has also dropped below the 50-day Exponential Moving Average, while the Relative Strength Index is pointing downward.

Dogwifhat的价格也降至50天的指数移动平均值以下，而相对强度指数则指向下降。

Therefore, the price will likely continue falling, with the next key support level to watch being the neckline at $0.6387, its lowest level on June 22.

因此，价格可能会继续下跌，下一个关键支持水平要看，这是0.6387美元的领口，其最低水平是6月22日。

A break below that level will signal a potential dive to $0.3057, its lowest point this year. This price coincides with the double-top target, which is estimated by measuring the distance between the top and the neckline, and the same distance from the neckline.

低于该水平的休息将表明潜在的潜在潜力到$ 0.3057，这是今年的最低点。该价格与双顶目标相吻合，这是通过测量顶部和领口之间的距离以及与领口相同的距离来估计的。

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