$WIF 🚨 Bear Flag at Chart – Is WIF Getting Ready to Dump? 📉🐻
⚠️ WIF is forming a bear flag on the chart—a classic bearish continuation pattern that often signals further downside ahead. After a steep drop, the current slow upward drift looks more like a pause than a recovery. Traders should prepare for potential volatility. 📊💣
📊 The price has been moving upward within a narrow channel after falling sharply from recent highs. Volume is declining during this bounce—a typical trait of a bear flag, where the market appears to be stabilizing but is actually setting up for the next leg down. A breakdown below $1.67 could send WIF tumbling toward $1.52 or even lower. 📉🔻
🐳 On-chain data shows large wallets unloading WIF into strength, with notable spikes in exchange inflows. This suggests smart money may be using this weak rally to exit, leaving retail traders exposed. 💼🚫
💥 Technical indicators aren't offering relief—RSI is failing to recover and remains below neutral, while MACD is still in bearish territory. The structure is fragile, and any loss of support could trigger a sharp drop. 🧠⚠️
⚠️ Key level to watch: $1.67. If WIF breaks below this with increased volume, the bear flag will confirm, potentially leading to a fast and steep decline. With bearish structure, weak momentum, and seller activity increasing, WIF may be just one breakdown away from a deeper fall. Stay sharp. 📊🐾