Dogwifhat Faces Sell Pressure, Market Cap Declines

Dogwifhat 面临抛售压力，市值下降

Dogwifhat (WIF) has experienced a significant decline in market cap by 31.97%, facing strong sell pressure after its recent recovery. As of the time of writing, WIF's market cap stands at $1.34 billion.

Dogwifhat (WIF) 市值大幅下跌 31.97%，近期复苏后面临强劲抛售压力。截至撰写本文时，WIF 的市值为 13.4 亿美元。

Trend in Meme Coins

Meme 币的趋势

WIF's price decline mirrors a similar trend observed in other popular meme coins, including Shiba Inu (SHIB), Pepe (PEPE), and Dogecoin (DOGE). Over the past month, DOGE's price has fallen by 16%, while PEPE and SHIB have declined by 36% and 25%, respectively.

WIF 的价格下跌反映了其他流行模因币中观察到的类似趋势，包括柴犬 (SHIB)、佩佩 (PEPE) 和狗狗币 (DOGE)。过去一个月，DOGE的价格下跌了16%，PEPE和SHIB的价格分别下跌了36%和25%。

Compared to these peers, Dogwifhat has seen a steeper drop, losing over 53% since July 22nd.

与这些同行相比，Dogwifhat 的跌幅更大，自 7 月 22 日以来跌幅超过 53%。

Liquidation Data

强平数据

According to CoinGlass, WIF long liquidations have surpassed shorts, with over $6.9 million in longs liquidated in the past 10 days, significantly exceeding the $3.12 million in liquidated short positions. This suggests that traders had positive expectations for WIF's price, anticipating its continued rise. However, forced sales due to liquidations intensified downward pressure, leading to a substantial decline.

根据 CoinGlass 的数据，WIF 多头清算已经超过空头，过去 10 天清算的多头头寸超过 690 万美元，大大超过清算的空头头寸 312 万美元。这表明交易者对WIF的价格抱有积极预期，预计其将继续上涨。但因平仓而被迫抛售，下行压力加大，导致大幅下跌。

Head-and-Shoulders Pattern

头肩形态

As of the time of writing, Dogwifhat faces potential for further downside movement due to a classic head-and-shoulders (H&S) pattern forming on the daily chart. This pattern consists of three peaks, with the middle peak higher than the outer peaks. A neckline connects the bottom of these peaks.

截至撰写本文时，由于日线图上形成了经典的头肩 (H&S) 模式，Dogwifhat 面临进一步下行走势的可能性。该图案由三个峰组成，中间的峰高于外部的峰。颈线连接这些山峰的底部。

WIF broke below the support line on August 5th but quickly recovered. Currently, it is attempting to retest this support level. If it breaks and rebounds from this line, the H&S pattern will be invalidated.

WIF 于 8 月 5 日跌破支撑线，但很快恢复。目前，它正在尝试重新测试该支撑位。如果突破该线并反弹，H&S 形态将失效。

Potential Recovery

潜在的恢复

Breaking above the support line could indicate a bottoming out of WIF's price, with a retracement towards the previous high. In that scenario, the next targets would be the 50-day exponential moving average (blue line) and the 200-day exponential moving average (orange line).

突破支撑线可能表明 WIF 价格触底，并回撤至之前的高点。在这种情况下，下一个目标将是 50 天指数移动平均线（蓝线）和 200 天指数移动平均线（橙色线）。