📊 WIF/USDT 4H Chart Analysis Testing Key Resistance
At the moment, WIF/USDT is trading around $0.852. The price has shown a strong recovery from the recent low of $0.7293, building higher lows and moving step by step upward. This shows buyers are slowly regaining strength after the heavy downtrend.
On the moving averages, the 50 EMA ($0.816) and 50 MA ($0.854) are now acting as strong short-term supports. Price is trading above them, which is a bullish signal for the short term. However, the major hurdle lies in the 200 EMA ($0.861) and 200 MA ($0.870) zone. This area is the strongest resistance, because it decides whether the trend will truly flip bullish or stay bearish.
If bulls can break and close above $0.87 with strong volume, the next target will be $0.90–0.95. A push toward the psychological level of $1.00 is also possible in the medium term. But failure to break above $0.87 could result in price pulling back to the support zone around $0.80–0.81, and deeper correction may revisit $0.75.
Volume analysis also shows steady buying interest, but not yet explosive. For a clear breakout, we need strong green volume bars crossing previous highs.
In summary, short-term momentum is bullish, but the battle at $0.86–0.87 will decide the next big move. Traders should watch this zone carefully for confirmation before entering big positions.
#WIF #Crypto #Analysis #Trading #Blockchain