When Will WIF Coin Be Worth What It Is Now?
Today, the price traded at $3.16 but fell below $3 within a few hours. It is currently fighting to recover and reclaim the $3 mark. Even though the price of Bitcoin dropped by $3,000 unexpectedly today, WIF Coin lost less. At the moment, $3.18 is the key level of resistance that needs to be broken.
The anticipated breakout could lead to a 21% increase for WIF Coin, which is currently trading within an ascending wedge formation. Price action forming between two parallel lines with an upward slope has historically set off numerous large rallies. But as said before, the $3.18 level needs to become support.
Passage of the critical $3.5 level will signal the true breakout. It would be expected that demand would be stronger at this stage, particularly in futures. So what if the ascent doesn't materialize and WIF Coin hits new lows due to the continuing BTC decline? Should this occur, WIF Coin's value may decline to between $2.75 and $2.36.
