{"id":134377,"date":"2024-12-07T14:58:48","date_gmt":"2024-12-07T07:58:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134377"},"modified":"2024-12-07T14:58:48","modified_gmt":"2024-12-07T07:58:48","slug":"time-to-buy-dogwifhat-wif-94-million-outflow-from-exchanges","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134377","title":{"rendered":"Time to buy Dogwifhat (WIF)? $94 million outflow from exchanges"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">WIF could surge by 30% to reach the $4.7 level if it closes a daily candle above the $3.5 level.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Currently, 80.93% of top traders on Binance hold long positions, while only 19.07% hold short positions.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/wif-crypto-climbs-15-can-it-reach-5\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">dogwifhat [WIF]<\/a>, the popular Solana-based meme coin, is poised for upside momentum after consolidating for three weeks. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">WIF appears to be gaining support from long-term holders, leading to a breakout from this consolidation zone and signaling possible upward movement in the coming days.<\/span><\/p>\n<h2><b>$94 million WIF outflow from exchanges\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">However, this breakout of WIF appeared after exchanges witnessed significant outflow, as reported by on-chain analytics firm Coinglass.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the consolidation period, exchanges consistently experienced outflows, culminating in a substantial $93.80 million withdrawal from the exchanges.<\/span><\/p>\n<div id=\"attachment_449809\" style=\"width: 1714px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449809\" class=\"wp-image-449809 size-full\" alt=\"WIF Outflow From Exchanges\" width=\"1704\" height=\"484\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81.png 1704w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1024x291.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1536x436.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1200x341.png 1200w\" data-lazy-sizes=\"(max-width: 1704px) 100vw, 1704px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449809\" class=\"wp-image-449809 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81.png\" alt=\"WIF Outflow From Exchanges\" width=\"1704\" height=\"484\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81.png 1704w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-300x85.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1024x291.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-768x218.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1536x436.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-81-1200x341.png 1200w\" sizes=\"auto, (max-width: 1704px) 100vw, 1704px\"\/><\/a><\/p>\n<p id=\"caption-attachment-449809\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">This outflow suggests that long-term investors have transferred $93.8 million worth of WIF from exchanges to their wallets. The metric indicates a potential buying opportunity, reduces the likelihood of selling pressure, and signals possible upward momentum.<\/span><\/p>\n<h2><b>WIF technical analysis and key levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto\u2019s technical analysis, WIF has broken out of its prolonged consolidation zone but appears to be struggling to close a daily candle above it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Based on recent price action, if WIF manages to close a daily candle above the $3.5 level, there is a strong possibility it could surge by 30% to reach the $4.7 level in the coming days.<\/span><\/p>\n<div id=\"attachment_449807\" style=\"width: 1476px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449807\" class=\"wp-image-449807 size-full\" alt=\"WIF Technical Analysis\" width=\"1466\" height=\"762\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896.png 1466w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-1024x532.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-768x399.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-1200x624.png 1200w\" data-lazy-sizes=\"(max-width: 1466px) 100vw, 1466px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449807\" class=\"wp-image-449807 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896.png\" alt=\"WIF Technical Analysis\" width=\"1466\" height=\"762\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896.png 1466w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-1024x532.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-768x399.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/WIFUSDT_2024-12-06_13-36-21-1-e1733480830896-1200x624.png 1200w\" sizes=\"auto, (max-width: 1466px) 100vw, 1466px\"\/><\/a><\/p>\n<p id=\"caption-attachment-449807\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">On the positive side, WIF\u2019s Relative Strength Index (RSI) currently stands at 53, below the overbought threshold of 70, suggesting that the meme coin could rally in the coming days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Additionally, WIF is trading above the 200 Exponential Moving Average (EMA) on both the four-hour and daily time frames, indicating an uptrend.<\/span><\/p>\n<h2><b>Bullish sentiment among Binance traders<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This bullish technical outlook was further supported by Binance traders, according to Coinglass. The WIF Long\/Short ratio on Binance was 4.24 at press time, reflecting strong bullish sentiment among traders. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, 80.93% of top traders on Binance hold long positions, while only 19.07% hold short positions.<\/span><\/p>\n<div id=\"attachment_449808\" style=\"width: 1723px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449808\" class=\"wp-image-449808 size-full\" alt=\"WIF Long\/Short ratio\" width=\"1713\" height=\"415\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80.png 1713w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-300x73.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1024x248.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-768x186.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1536x372.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1200x291.png 1200w\" data-lazy-sizes=\"(max-width: 1713px) 100vw, 1713px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-449808\" class=\"wp-image-449808 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80.png\" alt=\"WIF Long\/Short ratio\" width=\"1713\" height=\"415\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80.png 1713w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-300x73.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1024x248.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-768x186.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1536x372.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-80-1200x291.png 1200w\" sizes=\"auto, (max-width: 1713px) 100vw, 1713px\"\/><\/a><\/p>\n<p id=\"caption-attachment-449808\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">dogwifhat\u2019s [WIF] Price Prediction<\/a>\u00a02024\u20132025<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">When combining all these on-chain metrics with technical<\/span><span style=\"font-weight: 400;\">\u00a0analysis, it appears that bulls are currently dominating the asset and could support WIF in its upcoming rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, WIF was trading near $3.41 and has experienced a price surge of over 4.05% in the past 24 hours. During the same period, its trading volume increased by 25%, indicating heightened trader participation following the recent breakout.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/worldcoin-up-31-in-6-days-flips-2-5-to-support-is-4-5-next\/\" rel=\"prev\" data-wpel-link=\"internal\">Worldcoin up 31% in 6 days, flips $2.5 to support: Is $4.5 next?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/wifs-93-8m-exchange-exodus-is-a-30-price-surge-coming\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WIF could surge by 30% to reach the $4.7 level if it closes a daily candle above the $3.5 level. Currently, 80.93% of top traders on Binance hold long positions, &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134377\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134377","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134377"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134377\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}