Key Takeaways

WIF defended $0.76 support as whales accumulated on spot markets. Open Interest rose, reinforcing optimism, but cooling futures activity raised caution, hinting at consolidation before any decisive upside breakout.

dogwifhat [WIF] retested its key ascending trendline support at around $ 0.76 on the 26th of August. The support level has repeatedly cushioned pullbacks this year.

The memecoin showed early signs of stabilization on the daily chart. Buyers were defending the level as seen from the accumulating bullish momentum.

WIF whales are stepping in to ‘buy the dip’

Large holders were quietly accumulating long positions at these trading prices.

CryptoQuant’s Spot Average Order Size chart showed consistent Big Whale Orders on the Spot market, suggesting confidence in WIF’s medium-term outlook.

Historically, whales avoid chasing short-term spikes. Their steady activity lent credibility to projections of a longer-term bullish run.