🚀🚀 BREAKING 🚀🚀
WIF/USDT has shown a positive move, currently trading at $1.515, with a notable 8.52% gain for the week. The token hit a weekly high of $1.648 but is struggling to break key resistance levels. The 7-day SMA at $1.670 and 25-day SMA at $2.470 are acting as strong overhead resistance, limiting further upward movement. The 99-day SMA remains well above the current price, reinforcing the bearish sentiment in the long-term outlook.
Despite a trading volume of 512.955M, indicating significant market interest, the price remains below crucial moving averages, suggesting the rally might be short-lived if resistance levels are not breached.
The RSI (Relative Strength Index) is 46.80, reflecting a neutral position in market sentiment. This could indicate a consolidation phase, as the RSI neither signals overbought nor oversold conditions. Traders are closely watching whether WIFUSDT can maintain its gains or if it will face another downturn if resistance levels are not surpassed.
'I would advise a cautious approach when investing in $WIF Always do your own research and consider the risks involved before making any investment decisions.' #wifhatdog