Wif will rise slightly tomorrow, but the overall downward trend has not changed!

The current price of WIF is $1.4079, and today's decline has reached 10.13%, indicating that the market is currently under downward pressure. The price found temporary support near $1.3749, but the overall trend is still biased downward. The short-term moving averages (MA5, MA10) are both above the price, indicating that the price may continue to be under pressure in the short term. The MA30 and MA60 moving averages are also above the price, indicating that the medium- and long-term trends are still biased downward. The trading volume has increased recently, but the price is still falling, indicating that the seller's power is stronger than the buyer. If the trading volume continues to expand tomorrow and there are signs of a rebound, there may be a certain short-term recovery space.

The current support level is around $1.3749, which is today's low. If the support level can be stabilized, there may be a chance for a small rebound. The upper resistance is around $1.60, which is the high point of the previous rebound and the key point that the price needs to break through. If the trading volume can continue to expand tomorrow and the price stabilizes above the support level of $1.3749, there may be a short-term rebound, and the price has a chance to return to the $1.50-1.60 range. It is necessary to pay attention to the changes in trading volume and whether the support level can effectively support the price. If the support level is lost, the price may fall further.

Based on the current technical analysis, WIF may rebound slightly tomorrow, but the overall downward trend has not changed. If a rebound occurs, the rise may be limited, and it is recommended to be cautious when operating.

Of course, there is no need to panic. This is a necessary preparation before the market starts.

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