Is $WIF breaking out or consolidating? The moment of truth is now!
Currently, the short-term price of WIF is fluctuating between 0.87 and 0.92.
First, let's talk about the key levels that everyone is concerned about. There are two resistance points that are difficult for the price to break through: one is the recent high of 0.9245, and the other is the integer level of 0.93.
There are also two support points that are hard for the price to drop below: one is around the 30-day average price line near 0.885, and the other is the recent low of 0.87. Below that, strong support will be at 0.85.
If the trading volume shrinks in the future and the price breaks below 0.88, it may test the support at 0.87.
The key is to see which direction it breaks out next. If it can break through the previous high of 0.9245 with increased volume, there will be room to rise, possibly reaching around 0.95 to 1.0. Conversely, if it effectively breaks below 0.87, it may retrace to 0.82, the previous launch platform.
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