WIF Price Drops 74% in 2025, But a Short-Term Rally May Be Brewing

WIF Price- Bearish pressure dominates WIF in early 2025

WIF Price– Memecoin dogwifhat [WIF] has been under intense selling pressure since the start of 2025. After reaching a high of $2.22 on January 3, WIF has plunged by over 74%, now consolidating within a two-month range.

The token’s market price is well below its realized price — a bearish signal that many holders are likely at a loss. The realized price, which reflects the average cost basis of all holders, was briefly surpassed in late 2023. However, WIF fell sharply below it in January, highlighting bearish dominance.

MVRV ratio signals losses for most holders

As of now, WIF’s MVRV ratio sits at 0.48, reinforcing the notion of a bearish market. Historically, values under 1 signal widespread unrealized losses. The ratio even dipped to an all-time low of 0.22 on April 8, indicating severe financial stress among holders.

A potential 33% upside in short term?

Despite the broader downtrend, technical indicators suggest a possible 33% bounce from the current price of $0.574. The $0.54 support level, which marks the mid-point of the current range, held strong recently — a typical setup for a move toward the range high.

Additionally, the On-Balance Volume (OBV) has been trending upward, surpassing April’s highs, suggesting strong buying pressure in recent days.

Lastly, Bitcoin’s [BTC] bullish short-term momentum could support altcoins like WIF. As the saying goes, “a rising tide lifts all boats,” and WIF may be one of them.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.