WIF has officially broken out of its prolonged downtrend and is now forming a new ascending channel, suggesting a shift in momentum and a potential trend reversal. After weeks of sideways movement and pressure within a descending channel, the price has now decisively moved into bullish territory—currently trading near the midline of its newly established upward path.
This breakout not only marks the end of bearish sentiment but also opens the door for WIF to explore higher resistance levels. If the current momentum holds, the upper boundary of the rising channel—around the $0.85 to $0.90 region—could serve as the next target. Traders will be watching closely to see if this breakout evolves into a sustainable rally.