$WIF /USDT 4H Chart Analysis (Binance) 📈
Price: 1.082 USDT (-5.75%)
24H High: 1.322 | Low: 1.031
Volume: 315.01M WIF (366.62M USDT)
🔍 Analysis:
Massive uptrend from 0.4000 to 1.4000 (~250% gain) until May 5, with strong volume.
Sharp correction to 0.8000 (-43%) by May 9, followed by a recovery to 1.322.
Current 5.75% drop to 1.082, testing the 20-period SMA (~1.0500).
Volume spiked on the correction, moderate on the recent drop—selling pressure evident.
🎯 Key Levels:
Support: 1.031 (24H low), 1.0500 (SMA), 0.8000.
Resistance: 1.2000, 1.322, 1.4000.
📈 Outlook:
Broader bullish trend, but volatility is high. Price at a critical juncture near the SMA and 1.031. A hold above 1.0500 could target 1.322–1.4000. A break below 1.031 may lead to a deeper correction toward 0.8000. Keep an eye on volume and SMA! 🚀
