$WIF Technical Analysis for WIF/USDT

🟡 Current Status:

Current Price: 0.8378 USDT

Daily Downside: -5.72%

Last High: 0.9563

Nearby Support: 0.7768

Indicators: The price has broken below the 7, 25, and 99 EMAs, indicating weak upward momentum.

🔍 Technical Indicators:

The 7 EMA (0.8569) and 25 EMA (0.8818) are above the current price, reflecting a short-term downtrend.

Volume is high in bearish candlesticks, confirming selling pressure.

RSI and MACD are not shown, but based on price action, there are signs of oversold conditions, but no clear rebound has yet been observed.

📉 Negative Scenario:

If the support level of 0.7768 is broken, the price may head towards testing lower levels such as:

0.74

or even 0.70 as the next support levels.

📈 Positive Scenario:

If the price maintains the 0.83-0.80 area and a rebound candle with significant buying volume begins, this may be an opportunity to build a new bullish wave.

The first target will be a return to the EMA (0.86-0.88), then an attempt to break 0.90.

✅ Technical Decision Now:

Do not buy now unless:

A strong reversal candle forms.

A significant increase in buying volume.

A safe buy would be in the event of a rebound from 0.78-0.80 with a stop loss below 0.76.

Would you like me to monitor the price with you and send you an alert in the event of a decisive rebound or break?

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