🔹 Current price: $0.944
🔻 Daily change: -7.63%
🔺 Highest price in 24 hours: $1.039
🔻 Lowest price in 24 hours: $0.943
🔍 Technical analysis:
📉 The short-term trend indicates a correction after a strong upward wave:
• The last peak was at $1.393 then the decline began.
• Immediate support at the area: $0.81
• Immediate resistance: $1.02 then $1.34
• SAR indicator remains above the price = Continuous selling pressure
• The moving averages MA(5) and MA(10) have converged, signaling a potential rebound or volatility.
📊 Trading volumes are still active, but much lower than the peak at $1.39, indicating a current decline in momentum.
📈 Time analysis and performance:
• Over 30 days: +72.89% ✅
• Over 90 days: +61.09% ✅
• But over 180 days: -71.36% ⛔
• Over the entire year: -71.50% ⛔
🔎 This indicates that the currency is undergoing a short-term recovery wave, but it is still within a long-term corrective range.
🧠 Fundamental analysis:
• $WIF It is considered one of the most popular meme coins on the Solana network.
• Supported by an active community on X and Telegram, especially with the distinctive marketing style “the dog in the hat”.
• The number of new wallets has doubled in just 24 hours.
• Nevertheless, it lacks a real use case (utility) and primarily relies on momentum and community.
🚀 Are there upcoming upward opportunities?
📌 The “cup and handle” pattern is visible on the daily chart, and breaking the resistance at $1.34 could push the price to levels of $1.70 then $2.38.
⚠️ But if the critical support at $0.81 is broken, we may see a drop towards $0.60 or lower.
🔎 Current recommendation:
The overall trend of the currency is neutral with a slight upward inclination in the short term, especially if the resistance at $1.02 is broken consistently. However, due to the highly speculative nature of meme coins, risks remain elevated, so active trading is only recommended for professional speculators, with a clear stop-loss limit and careful monitoring of support and resistance.
