Risk is still present, but it is relatively low compared to the potential return. The price recently touched 0.734 and has started to clearly rebound to 0.775, indicating a gradual return of buying interest.
🔍 Quick technical analysis: $WIF
- RSI at 52.4: Neutral position leaning towards upward, indicating that there is upward momentum forming quietly without overbought conditions.
- MACD in a slight upward crossover, with the histogram returning to positive, which is a preliminary signal for a trend reversal.
- Stochastic indicator: (K: 59.6, D: 49.3) shows a positive crossover with an upward trend — enhancing the chances of the rebound continuing.
📊 The recent volatility after the drop from 0.905 to 0.734 may be a local bottom, especially with the appearance of clear reversal candles.
💡 Gradual entry is recommended now, with the possibility to strengthen positions if the price breaks resistance at 0.80 steadily.
🎯 Potential targets:
- First target: 0.801
- Second target: 0.838
- Extended target: 0.876
$WIF
⚠️ Many traders are exiting under pressure of fear, but the market does not forgive the hesitant. The opportunity may be here for those who read the signals before the noise.
⏳ Patience is essential, and don't expect immediate profits. Buying near support and below the price average represents a smart opportunity if the indicators confirm the momentum continues.
💎 Summary: $WIF shows positive technical signals at a clear bottom, and with general fear in the market, this could be a proactive opportunity for an upcoming rise.
