Dogwifhat Trades Near $0.20 as Futures Selling Outpaces Buying

Dogwifhat (WIF) traded near $0.20 Saturday as futures taker selling outpaced buying, putting the token close to a $0.19 chart support level.

A one-hour futures reading at 5 a.m. ET (09:00 UTC) put the taker buy/sell ratio at 0.6950. It recorded 469,459 in taker buy volume and 675,450 in taker sell volume, with selling about 44% higher.

A separate futures reading put open interest at approximately $12.47 million, or 63.59 million contracts, down 2.40% over 24 hours. Falling open interest is consistent with contracts closing, but the figure alone does not show whether long or short positions were exited.

Account positioning showed 59.8% of Binance accounts were long and 40.2% short at 5 a.m. ET. Among top traders, 67% were long and 33% short.

WIF was below several cited moving averages, including the 20-day average at $0.23 and the 50-day average at $0.22. The 200-day average stood at $0.18. Momentum readings were mixed: the Stochastic readings of 19.37 and 15.50 were in oversold territory, while the 14-period relative strength index was 41.21.

The update follows earlier coverage of WIF near $0.20 with mixed momentum signals.