WIF (Dogwifhat) Rejected at $0.20 — Downside Pressure BuildingDOGWIFHAT/USD TETHER PERPETUAL SWAP CONTRACTBLOFIN:WIFUSDT.PThe_Alchemist_Trader_WIF price action is beginning to show clear signs of weakness following a rejection from the $0.20 resistance level, a key psychological and structural zone. The inability to break and hold above this region suggests that buyers are losing momentum, with sellers stepping in to defend higher prices. Since the rejection, price has started to rotate lower, indicating a potential shift in short-term market structure. The next key level to watch is the Point of Control (POC), which represents the highest traded volume within the current range and often acts as a strong area of support. However, if price fails to hold this level, it would signal a loss of value and acceptance at lower prices. This would likely increase bearish momentum and open the door for further downside expansion. From a liquidity perspective, a breakdown below the POC could trigger a faster move, as lower regions of the range show less historical support. This sets up a potential continuation move toward the $0.16 support level, where demand may begin to re-enter. As long as WIF remains below $0.20, the bias remains tilted to the downside, with increasing probability of a deeper corrective move.