Dogwifhat (WIF) Faces Potential Market Dip

Dogwifhat（WIF）面臨潛在的市場下跌

Dogwifhat (WIF), the fourth-largest memecoin by market capitalization, has experienced a significant drop in value since its peak in early August. As of August 17th, WIF has lost approximately 30% from its local top of around $1.95, reaching a price of $1.36.

Dogwifhat (WIF) 是市值第四大迷因幣，自 8 月初的高峰以來，其價值已大幅下跌。截至 8 月 17 日，WIF 已從 1.95 美元左右的當地最高點下跌約 30%，達到 1.36 美元。

WIF Declines Alongside Other Memecoins

WIF 與其他 Memecoin 一起下跌

WIF's price decline is consistent with similar downturns in other popular memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). Dogecoin, the largest memecoin, has dipped by approximately 10% in the past nine days.

WIF 的價格下跌與其他流行迷因幣的類似下跌趨勢一致，包括狗狗幣 (DOGE)、柴犬 (SHIB) 和佩佩 (PEPE)。最大的 memecoin 狗狗幣在過去 9 天內下跌了約 10%。

Significant Losses for WIF

WIF 遭受重大損失

Among the leading memecoins, WIF has incurred more notable losses over weekly and monthly periods. Its 30-day returns are around -42%, significantly exceeding those of DOGE (-15%) and SHIB (-23.5%).

在領先的迷因幣中，WIF 在每周和每月期間遭受的損失更為顯著。其30天回報率約為-42%，顯著超過DOGE（-15%）和SHIB（-23.5%）。

Exceptional Year-to-Date Performance

年初至今的出色表現

Despite its recent decline, WIF has had an exceptional year-to-date performance, with returns of approximately 708%. This growth is second only to Popcat (POPCAT), another Solana-based token that has surged by around 4,570%. These substantial gains may have attracted profit-taking from early investors, leading to increased selling pressure.

儘管最近有所下滑，WIF 今年迄今的表現卻非常出色，回報率約為 708%。這一增長僅次於 Popcat (POPCAT)，後者是另一個基於 Solana 的代幣，已飆升約 4,570%。這些大幅上漲可能吸引了早期投資者的獲利了結，導致拋售壓力增加。

Long Liquidations Outnumber Shorts

多頭清算數量多於空頭數量

The 30% correction in WIF's price coincides with a higher number of long liquidations in the WIF futures market compared to short liquidations. According to Coinglass data, there have been cumulative long liquidations of $6.932 million versus $3.16 million in short liquidations over the past nine days.

WIF 價格調整 30% 的同時，WIF 期貨市場的多頭清算數量高於空頭清算數量。根據 Coinglass 的數據，過去 9 天累積多頭清算金額為 693.2 萬美元，空頭清算金額為 316 萬美元。

Bullish Expectations Contribute to Liquidations

看漲預期有助於清算

This data suggests that many traders were overly optimistic about WIF, expecting the price to continue rising after its peak on August 9th. They opened leveraged long positions in the futures market, betting on further price increases.

該數據表明，許多交易者對WIF過於樂觀，預計價格在8月9日達到高峰後將繼續上漲。他們在期貨市場開設槓桿多頭頭寸，押注價格進一步上漲。

As WIF's price began to decline, it triggered margin calls for these over-leveraged long positions. Forced selling by traders unable to meet these margin calls has amplified the downward pressure on the price, contributing to the 30% correction.

隨著 WIF 的價格開始下跌，引發了對這些槓桿過高的多頭部位的追加保證金通知。無法滿足追加保證金要求的交易商被迫拋售，放大了價格下行壓力，導致價格回調 30%。

WIF Price Bottoming Out?

WIF價格觸底？

WIF's downside risks remain due to the formation of a potential head-and-shoulders (H&S) pattern. An H&S pattern indicates a reversal in the market trend and could result in a further decline in price.

由於潛在頭肩 (H&S) 形態的形成，WIF 的下行風險仍然存在。 H&S 模式顯示市場趨勢發生逆轉，並可能導致價格進一步下跌。

As of August 17th, WIF has attempted to break below its H&S neckline level of around $1.46. If successful, its price may fall towards the downside target of around $0.725 by September, a 48% drop from current levels.

截至 8 月 17 日，WIF 試圖跌破 1.46 美元左右的 H&S 頸線水準。如果成功，其價格可能會在 9 月跌向 0.725 美元左右的下行目標，較目前水準下跌 48%。

Conversely, if WIF reclaims the neckline as support and closes above its accumulation area ($1.48-$1.69), it could invalidate the H&S setup. In this case, WIF's potential upside targets would be around its 50-day (red wave) and 200-day (blue wave) exponential moving averages.

相反，如果 WIF 重新奪回頸線作為支撐位並收於其吸籌區域（1.48-1.69 美元）之上，則可能會使 H&S 設定無效。在這種情況下，WIF 的潛在上行目標將位於其 50 日（紅波）和 200 日（藍波）指數移動平均線附近。

Disclaimer: This article provides information only and should not be construed as investment advice or a recommendation to buy or sell any asset.

免責聲明：本文僅提供信息，不應被視為投資建議或購買或出售任何資產的建議。