LONG term WIF ANALYSIS

WIF is down 33% from it's ATH.

It is yet to form a lower low on the daily chart.

To form a lower low price will need to fall below $2. This cannot happen soon unless BTC price fall below $50000.

The long term support trendline for WIF is around 2.92.

Price will need to consolidate and form a double bottom around 2.92 for confirmation of another uptrend.

A rise above 4 is confirmation of bullish trend and this will see it go higher to test it's ATH of around 4.85.

If price manages to reach it's ATH again there'll be so much selloff due to the buyers trapped there.

Please be careful of meme coins cos in a bearish period their prices fall very hard.

#Memecoins #WIF🔥🔥 #Write2Earrn #BullorBear #TrendingPredictions $BNB $BTC