💡 Quick technical analysis:
✅ Strong rebound! After a sharp drop to $0.529, the price has strongly risen again and is currently stabilizing at $0.637 (+7.06%), showing clear buying interest.
✅ Close pivotal resistance! The level of $0.662 represents the next strong resistance – if broken, we may witness a new surge!
✅ The RSI indicator is at 50.78, meaning the coin is not in an overbought territory – there is still room for additional upward movement!
✅ MACD is approaching a positive crossover with the zero line, which may ignite the technical upward movement soon!
🚀 Expected scenario:
If WIF breaks the resistance at $0.662, there is a chance to surge towards $0.70 - $0.721 again, especially as the price has consistently broken above the 10-hour average.
In case of a pullback, the area of $0.604 - $0.591 may represent good support for accumulating new positions.
📊 Technical pattern analysis – Are we witnessing the formation of a breakout pattern?!
🔍 Potential technical pattern:
✅ A "Base Plate" (Rounding Bottom) pattern is starting to form! The bottom at $0.529 and the price is gradually returning towards breakout resistance – this pattern often indicates the beginning of a strong upward trend if confirmed by breaking resistance.
✅ The last hourly candles show good stability above the 10-period moving average (MA10) – reflecting increasing buying pressure.
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🚨 Support signals from indicators:
RSI is balanced, not indicating overbought or oversold → opportunity for stable upward movement.
MACD at a potential turning point → watch for a positive crossover!
Trading volumes are moderate but steady → indicating ongoing interest at the current price without heavy selling.
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🎯 Upcoming movement predictions:
Positive scenario: Break above $0.662 = surge towards $0.70 then $0.721.
Negative scenario: Failure to break resistance = test support at $0.604 then $0.591.
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💬 My personal opinion:
WIF coin shows promising technical signals after a strong correction and its current stability at new support levels. Technical indicators suggest that a breakout may be near – but caution is necessary, especially before breaking the main resistance.
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✅ Final advice:
And don't forget to place a stop loss below $0.604 to avoid any sudden correction.
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📢 Do you think WIF is on the brink of a massive upward wave? Or is the market deceiving us as usual? Share your opinion!