WIF (dogwifhat) surged 13.14% in 24 hours, with trading volume jumping 95.16% to $105.8 million. The memecoin rebounded from the $0.1758 region to $0.2157, but buyers failed to break through this resistance. The RSI indicator formed a bearish convergence around the 62.85-zone, suggesting a potential price correction. Spot market activity turned seller-dominant, with the 90-day Spot Taker CVD indicator showing aggressive sellers in control. Open interest rose 11.10% to $85.12 million, with 60.52% long positions, exposing the market to a pullback risk as leveraged traders may start unwinding their positions.
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