๐ $WIF /USDT Next Move: Is Another Breakout Coming? ๐๐ฅ
๐ Current Price: $1.3113 (+14.35%)
๐ 24H High: $1.3759 | 24H Low: $0.9755
๐ Market Volume: WIF - 1.08B | USDT - 1.26B
Technical Overview:
๐น Bollinger Bands: The price remains close to the upper band, indicating a potential breakout but also the need for consolidation.
๐น RSI (6, 14, 24): 29.86 - 43.62 - 48.99, suggesting short-term oversold conditions, meaning a rebound could be in play.
๐น MACD: Negative, but with slight flattening, signaling weakening selling pressure.
๐น Support Levels: $1.30 - $1.27.
๐น Resistance Zones: $1.35 - $1.38, key for a breakout.
WIFโs Next Move: Bullish or Correction?
๐ Bullish Case: If WIF holds above $1.30, it may push towards $1.35-$1.40 and aim for a new high.
๐ Bearish Case: A drop below $1.30 could trigger a pullback toward $1.25-$1.20, testing key support levels.
๐ก Traders should watch volume and RSI closely โ if momentum picks up, WIF could be gearing up for another leg up!