đ„ AMBCrypto: $WIF Recovery Looks Remarkable
After a sharp drop on the 14th of April, WIFâs price gained bullish momentum and quickly recovered.
Though the meme coinâs price had fallen by more than 20% last week, it was among the handful of cryptos that managed to push its price up by over 3% in the last 24 hours.
According to CoinMarketCap, at the time of writing, WIF was trading at $2.81 with a market capitalization of over $2.8 billion.
Unlike WIF, SHIB remained bearish. The meme coinâs value sank by over 7% in the last 24 hours. At press time, it was valued at $0.00002232 with a market cap of $13.15 billion.
Not only did WIF outshine SHIB on the price front, but also on the social front. AMBCryptoâs analysis of Santimentâs data revealed that WIFâs social volume remained higher than that of SHIB.
This bearish price action caused the latterâs Weighted Sentiment to drop, despite its green price chart.Â
AMBCrypto then checked WIFâs liquidation heatmap to see the possible targets the meme coin might reach if the bull rally sustains.
As per our analysis of Hyblock Capitalâs data, the meme coin has a clear path up to $3.9. A successful breakout from that level could result in the meme coin touching $4.2 or even $4.5 in the coming weeks.
The possibility of this happening seemed high, as a few of the metrics were bullish. For instance, its Open Interest increased in the last few hours along with the meme coinâs price.
A rise in the metric indicates that the chances of the ongoing price trend continuing are high.
However, nothing can be said with certainty, as selling pressure on WIF was increasing at press time.
Lookonchainâs tweet revealed that a whale dumped 1.22 million WIF for 3.13 million USDC at $2.56 in the recent past.
