Upbit Lists Dogwifhat Trading Pairs, Expanding Market Access
- New Trading Pairs: Upbit announced on May 6 that it has added Dogwifhat (WIF) to its spot markets, supporting trading pairs in KRW, BTC, and USDT, significantly enhancing the memecoin's accessibility in one of Asia's most active retail crypto markets.
- Withdrawal Network Limitation: Users are required to utilize the Solana network for Dogwifhat deposits and withdrawals, with Upbit advising users to verify the network and token contract before sending funds to avoid potential delays in refund processes for unsupported deposits.
- Trading Control Measures: Upbit implemented standard early trading controls post-listing, restricting buy orders for about five minutes and limiting certain sell orders and order types for two hours to mitigate unstable order flow while liquidity is still forming.
- Price Fluctuation and Market Performance: Following Upbit's announcement, Dogwifhat's price surged by 25.35% to $0.241142, with a 24-hour trading volume of $217.36 million and a market cap of $240.9 million, although it remains significantly below its 2024 peak of $4.83.
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Technical Analysis for WIF
Technical Sentiment Analysis for dogwifhat (WIF). As of , dogwifhat (WIF) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for WIF stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, WIF is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
dogwifhat (WIF) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0438 | 0.107 | 0.153 | 0.216 | 0.262 | 0.325 | 0.371 |
| Fibonacci | 0.107 | 0.149 | 0.175 | 0.216 | 0.258 | 0.284 | 0.325 |
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