WIF
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Liquidation Alert! $WIF Long Position Liquidated
A hefty $126K long position on #WIF was liquidated at $3.004, signaling heightened selling pressure and increased volatility for this token.
What’s Next for $WIF ?
Bearish Outlook:
If WIF struggles to hold above $3.00, we could see it retrace to key support zones around $2.85-$2.90. Bears may dominate in the short term.
Bullish Reversal:
A quick recovery above $3.05 could restore confidence, with bulls targeting resistance around $3.20-$3.25.
Advice:
Keep an eye on the $3.00 level—it’s a pivotal point for the next move.
Be cautious with leverage and set strict risk management plans in this volatile phase!
#GDPSteadyPCE2.1Down #BSCOnTheRise #BitwiseFiles10ETFs #BinanceBNSOLPYTH
$WIF
A hefty $126K long position on #WIF was liquidated at $3.004, signaling heightened selling pressure and increased volatility for this token.
What’s Next for $WIF ?
Bearish Outlook:
If WIF struggles to hold above $3.00, we could see it retrace to key support zones around $2.85-$2.90. Bears may dominate in the short term.
Bullish Reversal:
A quick recovery above $3.05 could restore confidence, with bulls targeting resistance around $3.20-$3.25.
Advice:
Keep an eye on the $3.00 level—it’s a pivotal point for the next move.
Be cautious with leverage and set strict risk management plans in this volatile phase!
#GDPSteadyPCE2.1Down #BSCOnTheRise #BitwiseFiles10ETFs #BinanceBNSOLPYTH
$WIF
Vashti Scaringi JL6T:
cool
5 Cryptocurrencies Poised for Explosive Growth in Late 2024
As the year comes to a close, these five cryptocurrencies are gaining significant attention, with analysts forecasting remarkable potential for growth. Here’s a closer look at the coins that could dominate the market:
1. Dogecoin ($DOGE )
Widely recognized as the pioneer of meme cryptocurrencies, Dogecoin continues to thrive thanks to its passionate community and expanding ecosystem. Recent developments, such as the adoption of the DRC-20 token standard, are enhancing its functionality and appeal. If it surpasses critical resistance levels, experts believe it could experience up to a 5x price surge in the months ahead.
2. Shiba Inu ($SHIB )
Dubbed the “Dogecoin rival,” Shiba Inu has carved out a unique space in the market with its multi-faceted ecosystem. Key features like Shibarium, its Layer-2 scaling solution, aim to increase token scarcity through a systematic burn process. Combined with its decentralized exchange and NFT platform, Shiba Inu is positioned as a key player in the meme coin category, with strong growth potential.
3. Pepe ($PEPE )
Inspired by the iconic Pepe the Frog meme, PEPE has quickly gained a loyal following due to its deflationary mechanics and tax-free transactions. Having already reached a staggering $1.6 billion market cap in 2023, this token remains a favorite among enthusiasts who value its simplicity and innovative burn strategies.
4. Memecoin (#MEME )
Backed by the creative minds behind 9GAG, $MEME has leveraged its strong branding and growing user base to stand out in the competitive cryptocurrency landscape. Offering staking options and plans for integration with future projects, this coin combines humor with tangible utility, making it a notable contender for substantial market impact.
5. Dogwifhat (#WIF )
What started as a lighthearted concept—a Shiba Inu wearing a pink hat—has evolved into a token with a surprisingly strong community backing. $WIF is entirely driven by its meme-based appeal, yet it continues to demonstrate impressive price action and a solid fan base, proving that humor and financial success can coexist in the crypto world.
With diverse features and dynamic ecosystems, these five cryptocurrencies are well-positioned for a breakout performance in late 2024. Keep a close watch, as these coins could define the next wave of growth in the crypto market.
1. Dogecoin ($DOGE )
Widely recognized as the pioneer of meme cryptocurrencies, Dogecoin continues to thrive thanks to its passionate community and expanding ecosystem. Recent developments, such as the adoption of the DRC-20 token standard, are enhancing its functionality and appeal. If it surpasses critical resistance levels, experts believe it could experience up to a 5x price surge in the months ahead.
2. Shiba Inu ($SHIB )
Dubbed the “Dogecoin rival,” Shiba Inu has carved out a unique space in the market with its multi-faceted ecosystem. Key features like Shibarium, its Layer-2 scaling solution, aim to increase token scarcity through a systematic burn process. Combined with its decentralized exchange and NFT platform, Shiba Inu is positioned as a key player in the meme coin category, with strong growth potential.
3. Pepe ($PEPE )
Inspired by the iconic Pepe the Frog meme, PEPE has quickly gained a loyal following due to its deflationary mechanics and tax-free transactions. Having already reached a staggering $1.6 billion market cap in 2023, this token remains a favorite among enthusiasts who value its simplicity and innovative burn strategies.
4. Memecoin (#MEME )
Backed by the creative minds behind 9GAG, $MEME has leveraged its strong branding and growing user base to stand out in the competitive cryptocurrency landscape. Offering staking options and plans for integration with future projects, this coin combines humor with tangible utility, making it a notable contender for substantial market impact.
5. Dogwifhat (#WIF )
What started as a lighthearted concept—a Shiba Inu wearing a pink hat—has evolved into a token with a surprisingly strong community backing. $WIF is entirely driven by its meme-based appeal, yet it continues to demonstrate impressive price action and a solid fan base, proving that humor and financial success can coexist in the crypto world.
With diverse features and dynamic ecosystems, these five cryptocurrencies are well-positioned for a breakout performance in late 2024. Keep a close watch, as these coins could define the next wave of growth in the crypto market.
WellingtonPaim:
Tenho todas e só espero que a gente lucre 🙌🏻
#WIF Meltdown: $2.02K Long Liquidation at $3.1278!
The ground just shook in the $WIF arena as $2.02K in longs were ruthlessly liquidated at $3.1278.
A hard-hitting reality check for the bulls as the market takes no prisoners in this brutal turn.
With confidence shattered and positions wiped out, the question looms: is this a temporary setback, or the start of a deeper descent?
The tension is palpable, and every second counts.
The boldest thrive in chaos. Are you ready to take control, or will you watch from the sidelines as the market decides its next move?
#Wifey
#BTCWatchZone
#BNBChainMeme
#GODINDataForAI
The ground just shook in the $WIF arena as $2.02K in longs were ruthlessly liquidated at $3.1278.
A hard-hitting reality check for the bulls as the market takes no prisoners in this brutal turn.
With confidence shattered and positions wiped out, the question looms: is this a temporary setback, or the start of a deeper descent?
The tension is palpable, and every second counts.
The boldest thrive in chaos. Are you ready to take control, or will you watch from the sidelines as the market decides its next move?
#Wifey
#BTCWatchZone
#BNBChainMeme
#GODINDataForAI
As Dogwifhat and PEPE Prices Fall, the Project Is Being Driven Home
The price forecast for Dogwifhat (WIF) indicates that it may have a possible growth of 30.05 percent over the following five days, with the goal of reaching $4.17 by November 26, 2024. The value of WIF, which is now trading at $3.19, has dropped by 10.35% over the course of the last seven days, outperforming both the overall cryptocurrency market and Bitcoin.
Because of its current upward trend, which has resulted in a gain of 25.34% over the course of the last month, the Dogwifhat (WIF) price forecast continues to be hopeful, despite the fact that there are short-term negative signs. The results of the technical analysis indicate that attitude is neutral, with the major support level located at $2.93 and the resistance level located at $3.48. The Extreme Greed level for the market illustrates the optimism of investors, despite the fact that increased volatility continues.
What's Next for Pepe Coin (PEPE) After It Reached an Eight-Month Volume High?
There has been a significant spike in the price of Pepe currency (PEPE), which has attracted curiosity. The frog-themed meme currency has reached a weekly trading volume that is at its highest level in eight months, reaching $4.4 billion. The price of PEPE, which is now trading at $0.00002, has dropped by 5.37% over the last week, most likely as a result of traders taking gains and investing their money in smaller-cap assets.
The Pepe Coin (PEPE) price gain, on the other hand, demonstrates the cryptocurrency's endurance and the possibility that it may return to its all-time highs. PEPE continues to be a prominent illustration of the potential of the meme currency market, which is fueled by significant trading activity and investment interest. This is due to the strong community support that it has.
#PEPE #WIF #BNBChainMeme #BinanceHODLerTHE $PEPE $WIF
The price forecast for Dogwifhat (WIF) indicates that it may have a possible growth of 30.05 percent over the following five days, with the goal of reaching $4.17 by November 26, 2024. The value of WIF, which is now trading at $3.19, has dropped by 10.35% over the course of the last seven days, outperforming both the overall cryptocurrency market and Bitcoin.
Because of its current upward trend, which has resulted in a gain of 25.34% over the course of the last month, the Dogwifhat (WIF) price forecast continues to be hopeful, despite the fact that there are short-term negative signs. The results of the technical analysis indicate that attitude is neutral, with the major support level located at $2.93 and the resistance level located at $3.48. The Extreme Greed level for the market illustrates the optimism of investors, despite the fact that increased volatility continues.
What's Next for Pepe Coin (PEPE) After It Reached an Eight-Month Volume High?
There has been a significant spike in the price of Pepe currency (PEPE), which has attracted curiosity. The frog-themed meme currency has reached a weekly trading volume that is at its highest level in eight months, reaching $4.4 billion. The price of PEPE, which is now trading at $0.00002, has dropped by 5.37% over the last week, most likely as a result of traders taking gains and investing their money in smaller-cap assets.
The Pepe Coin (PEPE) price gain, on the other hand, demonstrates the cryptocurrency's endurance and the possibility that it may return to its all-time highs. PEPE continues to be a prominent illustration of the potential of the meme currency market, which is fueled by significant trading activity and investment interest. This is due to the strong community support that it has.
#PEPE #WIF #BNBChainMeme #BinanceHODLerTHE $PEPE $WIF
RaviKasturi:
Copy paste
🚨$WIF WIF/USDT ALERT: Market Correction or Bounce Back Ahead? 🚨
$WIF is currently trading at $3.008, experiencing a steep decline of over 11.29%, with a low of $2.921 in the past 24 hours. Traders are watching closely to see if this dip creates a buying opportunity or signals further downside.
---
💡 Key Levels to Watch:
1️⃣ Resistance 1: $3.066 – A recovery above this level could attract buyers.
2️⃣ Resistance 2: $3.233 – Breaking past here may open doors for a stronger rebound.
3️⃣ Resistance 3: $3.378 – Critical for regaining upward momentum.
📉 Support Levels:
Immediate Support: $2.921 – Holding above this low is essential to prevent deeper declines.
Key Fallback: $2.898 – A breach could lead to significant selling pressure.
---
⚙️ Trading Strategy:
✅ Long Entry: Consider entering above $3.066 for targets at $3.233 and $3.378.
❌ Stop Loss: Below $2.898 to minimize risk.
🔎 Monitor volume closely for confirmation of a trend reversal or continuation.
---
💬 What’s Next for WIF?
With sharp price movements, WIF offers both opportunities and risks. Will it bounce back from support or continue its downward trajectory? Let us know your predictions in the comments!
#WIF #CryptoTrading #MarketAnalysis #BinanceSignals #Write2Earn!
$WIF is currently trading at $3.008, experiencing a steep decline of over 11.29%, with a low of $2.921 in the past 24 hours. Traders are watching closely to see if this dip creates a buying opportunity or signals further downside.
---
💡 Key Levels to Watch:
1️⃣ Resistance 1: $3.066 – A recovery above this level could attract buyers.
2️⃣ Resistance 2: $3.233 – Breaking past here may open doors for a stronger rebound.
3️⃣ Resistance 3: $3.378 – Critical for regaining upward momentum.
📉 Support Levels:
Immediate Support: $2.921 – Holding above this low is essential to prevent deeper declines.
Key Fallback: $2.898 – A breach could lead to significant selling pressure.
---
⚙️ Trading Strategy:
✅ Long Entry: Consider entering above $3.066 for targets at $3.233 and $3.378.
❌ Stop Loss: Below $2.898 to minimize risk.
🔎 Monitor volume closely for confirmation of a trend reversal or continuation.
---
💬 What’s Next for WIF?
With sharp price movements, WIF offers both opportunities and risks. Will it bounce back from support or continue its downward trajectory? Let us know your predictions in the comments!
#WIF #CryptoTrading #MarketAnalysis #BinanceSignals #Write2Earn!
Fertxus:
Gracias. Es exactamente mi análisis. entré en 3.1 y puse stop loss en 2.85. hoy me salvé de salir del trade. esperemos que ya no nos de otro susto.
📈LONG: $WIF (4H)
#WIFUSDT | #WIF | #dogwifhat
Current Price $3.07
Market Cap $3.07B
Change 1h +0.27% | 24h -1.97%
4-Hourly Indicators:
• RSI: 46 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 3.17 - Trading Below 🔴
Analysis: WIF/USDT is showing strong bullish signs in a descending triangle on the 4hr chart. It's bouncing nicely off a lower support level, reinforced by the 200MA. This setup hints at good potential for upward momentum. Don’t miss out!
Price Targets: With a potential 50% profit setup, watch for key levels at $4.83 and $5.50 as potential price targets. Keep an eye on support at $2.72 in case of a pullback. Happy trading!
dogwifhat's community
#WIFUSDT | #WIF | #dogwifhat
Current Price $3.07
Market Cap $3.07B
Change 1h +0.27% | 24h -1.97%
4-Hourly Indicators:
• RSI: 46 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 3.17 - Trading Below 🔴
Analysis: WIF/USDT is showing strong bullish signs in a descending triangle on the 4hr chart. It's bouncing nicely off a lower support level, reinforced by the 200MA. This setup hints at good potential for upward momentum. Don’t miss out!
Price Targets: With a potential 50% profit setup, watch for key levels at $4.83 and $5.50 as potential price targets. Keep an eye on support at $2.72 in case of a pullback. Happy trading!
dogwifhat's community
$WIF Liquidation Shockwave!
Liquidation Amount: $119K
Price Level: $3.354
A massive $119,000 long position has been wiped out at $3.354! The market for WIF is showing no mercy with this high-stakes liquidation.
$WIF
Is this the dip before a rebound or the start of a deeper plunge?
Traders, brace yourselves—WIF is in the spotlight
#CryptoAlert #WIF #MarketWatch #MuskXPayments #BTCBreaks100K?
$WIF
Liquidation Amount: $119K
Price Level: $3.354
A massive $119,000 long position has been wiped out at $3.354! The market for WIF is showing no mercy with this high-stakes liquidation.
$WIF
Is this the dip before a rebound or the start of a deeper plunge?
Traders, brace yourselves—WIF is in the spotlight
#CryptoAlert #WIF #MarketWatch #MuskXPayments #BTCBreaks100K?
$WIF
🚨 $WIF /USDT ALERT: Significant Move in Progress – Targets in Sight! 🚨
$WIF is trading at $3.333, with a strong +7.34% surge in the last session. After reaching a 24-hour high of $3.655, it’s now retracing slightly, indicating potential for further volatility.
💡 Key Levels to Watch:
Immediate Resistance: $3.500 – Breaking this could open doors for a continued rally.
Support Level: $3.210 – A solid base to watch for any pullbacks.
🎯 Targets for Bulls:
1. $3.500
2. $3.650
3. $3.800
⚠️ Bearish Scenario: If $WIF fails to hold above $3.210, the next support lies at $3.000, potentially signaling further downside.
📊 Market Insights:
Volume is surging, showing strong interest from traders.
The MA(7) moving above MA(25) suggests a bullish trend.
📢 Trade Wisely: Stay alert as WIF approaches these critical levels, and use proper risk management to navigate the volatility.
#GODINDataForAI #WIF #CryptoTrading #BinanceUpdates #TradingSignals
$WIF is trading at $3.333, with a strong +7.34% surge in the last session. After reaching a 24-hour high of $3.655, it’s now retracing slightly, indicating potential for further volatility.
💡 Key Levels to Watch:
Immediate Resistance: $3.500 – Breaking this could open doors for a continued rally.
Support Level: $3.210 – A solid base to watch for any pullbacks.
🎯 Targets for Bulls:
1. $3.500
2. $3.650
3. $3.800
⚠️ Bearish Scenario: If $WIF fails to hold above $3.210, the next support lies at $3.000, potentially signaling further downside.
📊 Market Insights:
Volume is surging, showing strong interest from traders.
The MA(7) moving above MA(25) suggests a bullish trend.
📢 Trade Wisely: Stay alert as WIF approaches these critical levels, and use proper risk management to navigate the volatility.
#GODINDataForAI #WIF #CryptoTrading #BinanceUpdates #TradingSignals
This photograph indicates the cutting-edge rate and percent alternate of 3 cryptocurrencies: XRP, DODO, and WIF. Based at the facts:
1. XRP:
Current Price: $1.44
Percentage Change: 4.Forty one%
2. DODO:
Current Price: $zero.15
Percentage Change: four.38%
3. WIF:
Current Price: $3.32
Percentage Change: 4.37%
Suggestions:
To decide whether or not to shop for or sell those coins, don't forget the following:
1. Technical Analysis:
Analyze the charge charts for trends, aid/resistance degrees, and key indicators (like RSI, MACD).
If the fee is at a resistance stage or overbought, consider selling.
If the fee is at a assist degree or oversold, remember shopping for.
2. Market News:
Stay up to date on information related to these cryptocurrencies. For instance, regulatory updates, partnerships, or enhancements can have an impact on fee movements.
3. Current Profitability:
If you've got already invested and spot substantial gains (like 4-5%), it might be wise to sell part of your holdings to steady profits.
4. Diversification:
Avoid over-investing in a unmarried coin. Consider diversifying your portfolio to lessen risks.
#xr #DODO #WIF $XRP $DODO $WIF
1. XRP:
Current Price: $1.44
Percentage Change: 4.Forty one%
2. DODO:
Current Price: $zero.15
Percentage Change: four.38%
3. WIF:
Current Price: $3.32
Percentage Change: 4.37%
Suggestions:
To decide whether or not to shop for or sell those coins, don't forget the following:
1. Technical Analysis:
Analyze the charge charts for trends, aid/resistance degrees, and key indicators (like RSI, MACD).
If the fee is at a resistance stage or overbought, consider selling.
If the fee is at a assist degree or oversold, remember shopping for.
2. Market News:
Stay up to date on information related to these cryptocurrencies. For instance, regulatory updates, partnerships, or enhancements can have an impact on fee movements.
3. Current Profitability:
If you've got already invested and spot substantial gains (like 4-5%), it might be wise to sell part of your holdings to steady profits.
4. Diversification:
Avoid over-investing in a unmarried coin. Consider diversifying your portfolio to lessen risks.
#xr #DODO #WIF $XRP $DODO $WIF
WIF Price at $3 Signals Rounding Bottom Breakout to $7.42
WIF Price at $3 Signals Rounding Bottom Breakout to $7.42
As Bitcoin drops below $95,000, the broader market recovery takes a sharp blow as the November rally ends on a pullback note. Amid the increased supply, the WIF price trend is back to the $3 support.
Amid the quick pullback, WIF prices are at a crucial crossroads in deciding the December trend’s fate. Will the pullback crash under $3 or is a bounce back to $7 at the horizon?
Dogwifhat Price PerformanceThe WIF price trend showcases a rounding reversal rally that is gaining momentum. Starting from the $1.262 mark, the high and low formation in WIF price has crossed the $3 psychological mark.
The recovery rally peaked at $4.797, but with the broader market correction, the meme coin is back at $3. It is currently trading at $3.13 and finds support from 78.60% Fibonacci level at $2.9845.
As a retest, the WIF price trend is teasing a W-bottom reversal despite the long wake formation. The uptrend failed to sustain dominance above the $3.7733 or 100% Fibonacci level.
Currently, the meme coin is consolidating between two crucial zones. A breakout on either side will decide the upcoming price trend.
Technical indicators:EMA: Providing dynamic support, the rising 50-day EMA is inching closer to the 78.60% Fibonacci level.
MACD: The MACD indicator maintains a reclining trend with a surge of bearish histograms.
Will the WIF Price Bounce Back for a New ATH at $5?With an intraday pullback of 1.83%, the meme coin is pointing to the bearish candle. Prior to this pullback, the meme coin registered a massive surge of 116%. Hence, the ongoing pullback is a potential retest and is likely to bounce back.
Based on the Fibonacci level, the downside price targets are at $6.7180 and the Fibonacci level at $2.48.
In case of a bullish breakout, the upside potential price targets are at $5.08 and $7.427. The rounding bottom pattern shows an increased chance of a bullish breakout as the broader market recovers.
#WIF #memecoin #AltcoinSeason #BTC #CryptoNews
As Bitcoin drops below $95,000, the broader market recovery takes a sharp blow as the November rally ends on a pullback note. Amid the increased supply, the WIF price trend is back to the $3 support.
Amid the quick pullback, WIF prices are at a crucial crossroads in deciding the December trend’s fate. Will the pullback crash under $3 or is a bounce back to $7 at the horizon?
Dogwifhat Price PerformanceThe WIF price trend showcases a rounding reversal rally that is gaining momentum. Starting from the $1.262 mark, the high and low formation in WIF price has crossed the $3 psychological mark.
The recovery rally peaked at $4.797, but with the broader market correction, the meme coin is back at $3. It is currently trading at $3.13 and finds support from 78.60% Fibonacci level at $2.9845.
As a retest, the WIF price trend is teasing a W-bottom reversal despite the long wake formation. The uptrend failed to sustain dominance above the $3.7733 or 100% Fibonacci level.
Currently, the meme coin is consolidating between two crucial zones. A breakout on either side will decide the upcoming price trend.
Technical indicators:EMA: Providing dynamic support, the rising 50-day EMA is inching closer to the 78.60% Fibonacci level.
MACD: The MACD indicator maintains a reclining trend with a surge of bearish histograms.
Will the WIF Price Bounce Back for a New ATH at $5?With an intraday pullback of 1.83%, the meme coin is pointing to the bearish candle. Prior to this pullback, the meme coin registered a massive surge of 116%. Hence, the ongoing pullback is a potential retest and is likely to bounce back.
Based on the Fibonacci level, the downside price targets are at $6.7180 and the Fibonacci level at $2.48.
In case of a bullish breakout, the upside potential price targets are at $5.08 and $7.427. The rounding bottom pattern shows an increased chance of a bullish breakout as the broader market recovers.
#WIF #memecoin #AltcoinSeason #BTC #CryptoNews
WIF Price at $3 Signals Rounding Bottom Breakout to $7.42
As Bitcoin drops below $95,000, the broader market recovery takes a sharp blow as the November rally ends on a pullback note. Amid the increased supply, the WIF price trend is back to the $3 support.
Amid the quick pullback, WIF prices are at a crucial crossroads in deciding the December trend’s fate. Will the pullback crash under $3 or is a bounce back to $7 at the horizon?
Dogwifhat Price PerformanceThe WIF price trend showcases a rounding reversal rally that is gaining momentum. Starting from the $1.262 mark, the high and low formation in WIF price has crossed the $3 psychological mark.
The recovery rally peaked at $4.797, but with the broader market correction, the meme coin is back at $3. It is currently trading at $3.13 and finds support from 78.60% Fibonacci level at $2.9845.
As a retest, the WIF price trend is teasing a W-bottom reversal despite the long wake formation. The uptrend failed to sustain dominance above the $3.7733 or 100% Fibonacci level.
Currently, the meme coin is consolidating between two crucial zones. A breakout on either side will decide the upcoming price trend.
Technical indicators:EMA: Providing dynamic support, the rising 50-day EMA is inching closer to the 78.60% Fibonacci level.
MACD: The MACD indicator maintains a reclining trend with a surge of bearish histograms.
Will the WIF Price Bounce Back for a New ATH at $5?With an intraday pullback of 1.83%, the meme coin is pointing to the bearish candle. Prior to this pullback, the meme coin registered a massive surge of 116%. Hence, the ongoing pullback is a potential retest and is likely to bounce back.
Based on the Fibonacci level, the downside price targets are at $6.7180 and the Fibonacci level at $2.48.
In case of a bullish breakout, the upside potential price targets are at $5.08 and $7.427. The rounding bottom pattern shows an increased chance of a bullish breakout as the broader market recovers.
#WIF #memecoin #AltcoinSeason #BTC #CryptoNews
As Bitcoin drops below $95,000, the broader market recovery takes a sharp blow as the November rally ends on a pullback note. Amid the increased supply, the WIF price trend is back to the $3 support.
Amid the quick pullback, WIF prices are at a crucial crossroads in deciding the December trend’s fate. Will the pullback crash under $3 or is a bounce back to $7 at the horizon?
Dogwifhat Price PerformanceThe WIF price trend showcases a rounding reversal rally that is gaining momentum. Starting from the $1.262 mark, the high and low formation in WIF price has crossed the $3 psychological mark.
The recovery rally peaked at $4.797, but with the broader market correction, the meme coin is back at $3. It is currently trading at $3.13 and finds support from 78.60% Fibonacci level at $2.9845.
As a retest, the WIF price trend is teasing a W-bottom reversal despite the long wake formation. The uptrend failed to sustain dominance above the $3.7733 or 100% Fibonacci level.
Currently, the meme coin is consolidating between two crucial zones. A breakout on either side will decide the upcoming price trend.
Technical indicators:EMA: Providing dynamic support, the rising 50-day EMA is inching closer to the 78.60% Fibonacci level.
MACD: The MACD indicator maintains a reclining trend with a surge of bearish histograms.
Will the WIF Price Bounce Back for a New ATH at $5?With an intraday pullback of 1.83%, the meme coin is pointing to the bearish candle. Prior to this pullback, the meme coin registered a massive surge of 116%. Hence, the ongoing pullback is a potential retest and is likely to bounce back.
Based on the Fibonacci level, the downside price targets are at $6.7180 and the Fibonacci level at $2.48.
In case of a bullish breakout, the upside potential price targets are at $5.08 and $7.427. The rounding bottom pattern shows an increased chance of a bullish breakout as the broader market recovers.
#WIF #memecoin #AltcoinSeason #BTC #CryptoNews