Bullish Breakout: WIF Rally Above 100-Day Moving Average, What Next?

WIF's latest rise has kept it above the 100-day SMA. This follows its failure to breach $1.03 support.

WIF, together with PEPE and DOGE, has dominated the meme world since this latest change, with a market valuation of $3.9 billion and a 24-hour trading volume of over $1.5 billion.

In the previous 24 hours, WIF has risen 21% to $3.97 above the 100-day moving average.

On 4-hour Chart WIF

The 4-hour timeframe chart shows that WIF is trading above the 100-day moving average, indicating a positive trend that may continue.

According to the 4-hour MACD indicator, MACD histograms are moving above the zero line with excellent momentum. MACD line and signal line go above MACD zero line with good spread. Due to this MACD pattern, WIF's price may climb and the market remain bullish.

WIF is bullish on the 1-day time frame since it dropped two bullish candlesticks and is rising today.
The 1-Day MACD indicator is also bullish since the MACD histograms are moving above the MACD zero line with excellent momentum and the MACD line and signal line have crossed above the zero line with a good spread. The MACD pattern suggests WIF's price may rise higher.

Future Moves

Price is facing $4.34 and $4.86 resistance levels. If the price breaks $4.34, it may challenge $4.86 resistance. Breaking this level might spark a surge to a new high.

If the price fails to break any of these resistance levels, it may fall toward $2.25. If this level breaks, a further decline may target $1.78 support.

#WIF #altcoins #btc70k #memecoins $WIF