WIF ANALYSIS............................Fibonacci retracement analysis this time for WIF/USDT on the 1H timeframe .
📊 Fibonacci Levels:
Swing Low: 0.305 USDT
Swing High: 0.483 USDT
Key Retracement Levels:
0.382: 0.373 USDT → currently hovering just above this
0.5: 0.394 USDT
0.618: 0.415 USDT
0.786: 0.445 USDT
📈 Technical Situation:
The price retraced perfectly to the 0.382 Fib level (0.373 USDT) and is consolidating around 0.378 USDT.
This 0.382 Fib area is an important support region — a common level for pullbacks in bullish setups.
Volume is contracting a bit here — usually a sign of indecision before a potential move.
Scenarios to Watch:
Next Targets
📈 Bullish Bounce
Hold above 0.373 and break 0.394 (0.5 Fib)
0.415 (0.618 Fib), 0.445 (0.786 Fib)
📉 Bearish Breakdown
Break below 0.373 and hold
Retest 0.35 then 0.305 (previous swing low)
$WIF
✅ Summary Insight:
Holding 0.373 is bullish for a potential continuation.
Breaking 0.394 (50% retracement) is a solid early confirmation.
If price loses 0.373 support, a deeper correction is likely.