$WIF – Oversold & Coiling Up? Reversal Incoming?

$WIF just printed a fresh 24H low at $0.844, now bouncing slightly to $0.855 after a brutal -10.75% day. Despite the selloff, this meme coin might be gearing up for a relief rally. Why? Oversold signals are flashing.

Technical Outlook (1H Chart):

📉 RSI (6): 28.8 – Deeply oversold. Reversal potential is high.

📊 Volume Spike: Noticeable uptick on last green candle – early demand?

📍 Support Zone: $0.840–$0.855 – holding so far.

📈 Next Resistance: $0.880–$0.900 zone. Breakout above could shift short-term trend.

Next Move:

Watch for a reclaim of $0.870+ with volume. A successful bounce could trigger a short squeeze back toward $0.95. If $0.84 fails, $0.79 is the next key support.

Entry Ideas:

Aggressive: $0.850–$0.860 (tight SL at $0.834)

Safer Entry: After reclaim + retest of $0.880

🎯 Short-Term Target: $0.94

🚀 Mid-Term Target: $1.05

🔒 SL: $0.834

Oversold = opportunity? RSI doesn’t stay under 30 for long on hot meme coins. Watch for a bounce and volume confirmation before entering. 🧢🐶