$WIF
🚨WIF Price Analysis: Rally Gains Strength🚨
On the daily chart, WIF’s price resisted hitting lower lows. As a result, the structure seems to be forming an ascending channel.
If sustained, the memecoin will likely break past $1 soon. In addition to that, the Relative Strength Index (RSI) has crossed above the neutral line, indicating rising bullish momentum.
Should this trend remain the same, WIF’s price might break the resistance at $1.10. If successful, the next target for the memecoin could be a rally toward $1.72 near the 0.618 golden ratio.
In a situation that drives higher buying pressure, the cryptocurrency might reach $2. However, if bullish momentum fades, WIF’s price might slide below the lower trendline of the ascending channel.
If that were to happen, the token might drop to the underlying support at $0.56. In a highly bearish market condition, it could decline to $0.30.