💡 Quick technical analysis:
✅ Clear rebound! After dropping to $0.598, the price has started to rise again and is currently trading at $0.64, up +2.07% over the last 24 hours, indicating strong buying interest in this area.
✅ The indicators are positive!
RSI(6) at 64.54: close to the overbought area, but there is still room for an upward move before reaching 70.
MACD indicates the beginning of a bullish crossover (DIF = 0.004, DEA = 0.004): a sign of a potential return of bullish momentum in the coming hours.
✅ The moving averages MA(5) and MA(10) are converging, which could strengthen the bullish signal if the nearby resistance is broken.
🚀 Expected scenario:
If WIF breaks the $0.65 - $0.66 level firmly, we may see a retest of the previous peak at $0.721, along with new momentum towards $0.75.
In case of a pullback, the next strong support is around $0.60 - $0.598, which could form another bounce point.
🔥 Is WIF ready to explode?!
With trading volume increasing (31.85M) and the price staying above the main support, it seems that a bullish breakout could be closer than we think! Just be cautious of overbought areas, and keep a close eye on the $0.65 level!
📢 Share your opinion! Do you think WIF is heading to $0.75 soon? Or is it just a temporary bounce? 🚀👇
Final advice:
Don't enter the trade without a clear exit plan.
Use a stop loss below $0.59.
Keep an eye on news or whale movements, especially since the coin is of the 'Meme' type.
