A 6.07% one-day decline put dogwifhat (WIF) below its $0.1923 daily support on Oct. 15, with the chart’s next support marked at $0.1848.
At 8:57 a.m. ET (12:57 UTC), WIF was priced at $0.1918. The $0.18 mark on the chart is a reference point and does not establish a price floor.
The next support marker was close to the 200-day simple moving average, which stood at $0.1845. WIF remained below the $0.2310 20-day simple moving average and the $0.2170 50-day average.
Momentum measures showed different conditions. The relative strength index (RSI) registered 37.7, above the commonly used 30 oversold threshold. The Stochastic oscillator showed %K at 7.4 and %D at 11.7, readings considered oversold.
The daily chart’s signal was bullish, compared with a bearish four-hour reading and a neutral weekly reading. Resistance levels were listed at $0.2061 and $0.2142.
