VIF price at risk because an inflow to exchange dogs appear, smart money sells

Dogwifhat The price gathered in the last few weeks, aligning with the performance of most solan memes coins.

DogVifhat (Vif) Token rose on Tuesday 1,3142 dollars, 335% from its lowest level in April. This jump has pushed its market capitalization over 1.07 billion dollars, which makes it a fourth largest coin Meme Solan after official Trump (Abdomen), Bonk (Stifle) and FartCoin (Ftrcoin).

Orchain data show that the VIF can be retired soon. One metric is a growing number of tokens at the last days, a sign that some investors began taking profits by selling their farms.

Tokens on exchanges increased 1.67% to 573.80 million, more than 564.35 million in the same period last week. This increase is pushed the stock market up to 57.20%, from 56.26% a week ago.

Additional information Nansen shows that smart investors on money continued to take their VIF tokens. Holdings from these investors dropped to 23.5 million, so from over 24 million earlier this year.

Smart money investors usually come out of their positions when they expect price reversal, based on their experience.

VIF price Technical analysis

The daily shows that Dogvifhat began a strong trend in November when he reached a peak in $ 4.80. The bottom is at $ 0.3027 in April before the beginning of slow posttrend, $ 1,3115 on Tuesday.

VIF token formed a rounded bottom, a popular sign for continuing the bakery. She also moved over 50-day movements, a positive move.

However, there are signs that the token is now very precinctive. The relative strength index rose over 80 years, and two MACD indicators jumped to their highest level since April last year.

Dogvifhat also encountered a significant resistance of $ 1.0815, the lowest swing swing in August. Therefore, while long-term prospects remain Bullish, light withdrawal is likely to take profits. If this happens, the next level for viewing will be a point of 50% per indentation at 0.6493 USD.