💡 Quick technical analysis:
✅ Noticeable rebound! After retreating to $0.852, WIF experienced a quick recovery to currently reach $0.877, with a daily increase of +7.08% – indicating a strong return of the bulls!
✅ RSI is high! The Relative Strength Index is at 74.96, which is above 70 – indicating entry into overbought territory, and may mean a correction is approaching, or an explosion if the momentum continues!
✅ Positive MACD! A slight bullish crossover has begun to form, which may enhance further increases in the upcoming sessions.
📊 Moving Averages (MA): The price is now moving above the MA(5) and MA(10), supporting the short-term upward trend.
$WIF
🚀 Expected scenario:
If WIF can surpass the strong resistance at $0.925, we may see it test levels of $0.950 or even $1.00. In the event of a pullback, the areas of $0.864 and **$0.852** may provide significant support for a rebound.
$WIF
🔥 Is this the golden WIF moment? With high trading volume (over 42M WIF in 24 hours) and significant bullish indicators, we might be facing a promising investment opportunity – but don't forget to be cautious when entering overbought areas!