$WIF $WIF/USDT 4-Hour Chart Analysis
Current Price: 0.861 (+2.50%)
24H Range: 0.813 - 0.892
Volume: 49.87M WIF / 42.55M USDT
đ Key Observations:
WIF/USDT has been in a steep downtrend since late May, dropping from 1.4000 to a low of 0.813.
Price is consolidating around 0.861, with support at 0.813 and resistance near 1.0000.
Volume spiked during the drop, but recent activity is lowâpossible accumulation or lack of buying interest?
SMA is trending down, and the price remains below it, confirming bearish momentum.
đ What to Watch:
Bullish Case: A break above the SMA and 1.0000 with strong volume could signal a reversal.
Bearish Case: Failure to hold 0.813 may lead to further downside.
The trend is still bearish, so any upward moves might be short-term corrections. Stay cautious! đš #WIFUSDT #CryptoAnalysis #Trading
