$WIF Preparing for a new breakout? Professional analysis and strong targets await explosion
Technical analysis for currency #WIF/USDT
Current price: 1.159 USDT (+18.02%)
Timeframe: Daily
Category: Meme Coin
Technical outlook:
The price bounced from the 0.93 level after a healthy correction from the last peak at 1.322, and is currently trading steadily above the 20-day moving average.
RSI = 68.5 = Near overbought, but still in a zone that allows for continued momentum.
Bollinger Bands: The price is moving near the upper limit, indicating clear buying pressure.
MACD: Small positive crossover, reflecting the likelihood of continued upward movement.
Trading volumes: Strong and rising, boosting confidence in the upward trend.
Trading strategy for WIF:
1. Concentration areas:
First area: Between 1.05 – 1.10 USDT (current support area).
Second area (confirmatory): Upon breaking 1.20 USDT with a daily close (confirming the start of a new wave).
2. Profit targets (Take Profit):
TP1: 1.32 (retesting the previous peak)
TP2: 1.45
TP3: 1.60 (if momentum continues and the market rises)
3. Stop loss:
Daily close below 0.93 USDT
or a clear break of MA20 downwards
General outlook:
> WIF shows strong movement with clear upward momentum supported by high trading volume. The optimal strategy currently is staged concentration and waiting for confirmation of the breakout above 1.20.