#WIF
The chart shows a sharp downtrend from $2.160 to $0.304, followed by a recovery phase. The current price of $1.032 reflects a 14.67% gain, indicating a potential reversal or consolidation within an uptrend.
Rising volume during the upswing supports bullish momentum, ideal for whale accumulation.
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Applying Fibonacci from the low ($0.304) to the high ($2.160):
23.6%: ~$0.892 – Minor support for pullbacks.
38.2%: ~$1.136 – Current price action is testing this level; a hold here is bullish.
50%: ~$1.232 – Key support/resistance zone for consolidation.61.8%: ~$1.328 – Next upside target if momentum continues.
78.6%: ~$1.580 – Potential resistance before the high.
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Bullish Case:
If $1.032 holds as support with sustained volume, expect a push to $1.328–$1.580 within 2 days, potentially testing $2.160 by day 3.
Pullback Risk: A drop below $1.032 could see a retreat to $0.892 or $0.620, especially if RSI spikes. This offers a buying opportunity.
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Accumulate at $0.892–$1.032,
Target Zone: $1.580–$2.160.
Stop Loss: Below $0.620 to limit downside
DYOR
