Market Trend: The price is showing an upward trend, currently near its 24h high.
Volume & Volatility
24h Volume:
WIF: 206.06M
USDT: 121.07M
Volatility: The price fluctuated between $0.550 - $0.627 in the last 24 hours, indicating high volatility.
Technical Indicators
Moving Averages (MA):
MA(5): 499,580.81
MA(10): 989,062.22
The shorter MA(5) is below the longer MA(10), suggesting potential consolidation.
Volume Analysis: The trading volume is relatively high, indicating active participation.
Order Book Sentiment:
Buy Orders: 47.35%
Sell Orders: 52.65%
Slight bearish pressure, meaning more sell orders than buy orders.
Performance Over Different Time Frames
Today: +4.40% (Positive trend)
7 Days: -21.30% (Downtrend in the last week)
30 Days: -55.71% (Major decline over a month)
90 Days: -84.61% (Strong long-term bearish trend)
180 Days: -62.42% (Overall decline)
Trading Strategy Recommendations
Short-term (Scalping/Day Trading): Since the price is near its 24h high, traders might wait for a pullback before entering long positions.
Mid-term (Swing Trading): The price is recovering from a recent low, but the overall trend is bearish, so it’s better to wait for confirmation of a breakout above $0.627 before going long.
Long-term: The token has declined significantly over the last 90-180 days, making it a risky long-term investment unless there are strong fundamental reasons for recovery. #WIF
1. Higher Lows & Higher Highs: The price rebounded from 0.00000845 and is making a series of higher highs and higher lows.
2. Recent Green Candles: The last few candles show buying pressure, pushing the price up.
3. Support at 0.00000921: The price held above this level, suggesting a strong base.
4. Resistance at 0.00001010: A limit order is set here, meaning some sellers are looking to take profit.
Conclusion
Short-term: Bullish
Medium-term: Needs to break above 0.00001010 for confirmation.
Key Support: 0.00000921
Key Resistance: 0.00001010 - 0.00001039
If the price breaks above 0.00001010 with volume, it could lead to more upside. However, a rejection at this level may bring a retracement. Keep an eye on volume and candlestick formations at resistance levels.