Dogwifhat (WIF) Faces Potential Market Dip

Dogwifhat（WIF）面临潜在的市场下跌

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) 是市值第四大模因币，自 8 月初的峰值以来，其价值已大幅下跌。截至 8 月 17 日，WIF 已从 1.95 美元左右的当地最高点下跌约 30%，达到 1.36 美元。

WIF Declines Alongside Other Memecoins

WIF 与其他 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 的价格下跌与其他流行模因币的类似下跌趋势一致，包括狗狗币 (DOGE)、柴犬 (SHIB) 和佩佩 (PEPE)。最大的 memecoin 狗狗币在过去 9 天内下跌了约 10%。

Significant Losses for WIF

WIF 遭受重大损失

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%).

在领先的模因币中，WIF 在每周和每月期间遭受的损失更为显着。其30天回报率约为-42%，显着超过DOGE（-15%）和SHIB（-23.5%）。

Exceptional Year-to-Date Performance

年初至今的出色表现

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.

尽管最近有所下滑，WIF 今年迄今的表现却非常出色，回报率约为 708%。这一增长仅次于 Popcat (POPCAT)，后者是另一种基于 Solana 的代币，已飙升约 4,570%。这些大幅上涨可能吸引了早期投资者的获利了结，导致抛售压力增加。

Long Liquidations Outnumber Shorts

多头清算数量多于空头数量

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 价格调整 30% 的同时，WIF 期货市场的多头清算数量高于空头清算数量。根据 Coinglass 的数据，过去 9 天累计多头清算金额为 693.2 万美元，空头清算金额为 316 万美元。

Bullish Expectations Contribute to Liquidations

看涨预期有助于清算

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.

该数据表明，许多交易者对WIF过于乐观，预计价格在8月9日达到峰值后将继续上涨。他们在期货市场开设杠杆多头头寸，押注价格进一步上涨。

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.

随着 WIF 的价格开始下跌，引发了对这些杠杆过高的多头头寸的追加保证金通知。无法满足追加保证金要求的交易商被迫抛售，放大了价格下行压力，导致价格回调 30%。

WIF Price Bottoming Out?

WIF价格触底反弹？

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.

由于潜在头肩 (H&S) 形态的形成，WIF 的下行风险仍然存在。 H&S 模式表明市场趋势发生逆转，并可能导致价格进一步下跌。

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 试图跌破 1.46 美元左右的 H&S 颈线水平。如果成功，其价格可能会在 9 月份跌向 0.725 美元左右的下行目标，较当前水平下跌 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 重新夺回颈线作为支撑位并收于其吸筹区域（1.48-1.69 美元）之上，则可能会使 H&S 设置无效。在这种情况下，WIF 的潜在上行目标将位于其 50 日（红波）和 200 日（蓝波）指数移动平均线附近。

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

免责声明：本文仅提供信息，不应被视为投资建议或购买或出售任何资产的建议。