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The recent whale accumulation, however, has been attributed to a potential bullish sentiment. This sentiment is fueled by the belief that the token’s price will eventually rise, driven by the upcoming launch of a new product. This new product is expected to be a significant game-changer in the WIF ecosystem, potentially attracting more users and driving demand. The decline in price, despite the whale accumulation, is likely due to a combination of factors.

* There was a fake breakout below support for $WIF (a meme coin). * It quickly came back inside the support range. * The author expects #dogwifhat to pump all the way to $3 from here. * #dogwifhat is a popular meme coin with a strong community.