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$WIF Analysis – Key Level Retest After Breakdown
Current Price: $0.797 (–8.28%)
$WIF recently saw a strong upward move that failed to hold above the $0.85 region. After forming a rising channel and sharp drop, the price is now retesting a major horizontal support near $0.797 — a previously broken structure.
Technical Breakdown:
• Price lost support from a consolidation box (mid-chart)
• Recent rally created a bear flag structure
• Now retesting former support (turned resistance)
Outlook:
If $WIF fails to reclaim $0.80 with strength, it may continue lower toward the $0.70 or even $0.65 zone. However, a clean bounce above this level could trigger a relief push.
This is a make-or-break zone — wait for confirmation before taking a position.
#WIF #MemeCoin #CryptoUpdate #TechnicalAnalysis #SupportRetest
Current Price: $0.797 (–8.28%)
$WIF recently saw a strong upward move that failed to hold above the $0.85 region. After forming a rising channel and sharp drop, the price is now retesting a major horizontal support near $0.797 — a previously broken structure.
Technical Breakdown:
• Price lost support from a consolidation box (mid-chart)
• Recent rally created a bear flag structure
• Now retesting former support (turned resistance)
Outlook:
If $WIF fails to reclaim $0.80 with strength, it may continue lower toward the $0.70 or even $0.65 zone. However, a clean bounce above this level could trigger a relief push.
This is a make-or-break zone — wait for confirmation before taking a position.
#WIF #MemeCoin #CryptoUpdate #TechnicalAnalysis #SupportRetest
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