$WIF 🔥🔥🔥🔥

RSI is at 34.89, meaning it is approaching the oversold zone.

If the RSI falls below the 30 level, it will enter the oversold zone and there may be a possibility of recovery.

DIF is at -0.217, DEA is at -0.202 and MACD is at -0.015, meaning it is in the negative territory.

The MACD indicator is currently weak and a recovery signal has not occurred yet.

In the downward trend, an increase in volume is observed from time to time, which indicates that sales pressure continues.

The Stochastic RSI is at 13.09, very close to the oversold zone.

The Stochastic RSI's upward turn from the oversold zone could be a potential recovery signal.

Technical indicators show that the price is approaching the bottoms but does not give a clear signal of reversal.

The RSI and Stochastic RSI are close to the oversold zone, which may increase the chances of a bullish reaction soon.

However, it should not be forgotten that the downward trend continues, and caution should be exercised until we receive a definite return signal.

Resistance levels: 1.63 and 2.47.

Support level: 0.976.

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