$WIF update

Narrative is pretty strong. Nice respond to $BTC move. 64K is approximately #BTC mid-range, $2+ is #wif midrange as well (ignoring the $41 candle).

Parabolic movement is very unhealthy for the market- the speed of going up at some degree determines the speed of correction, and too much of upward move is just a great way to roundtrip (not enough time to determine the shift).

It would be healthy if wif goes back to around $2, and a little bit below, however, the sentiment might change if it dips below $1.9 support.

It is important to remember that meme coin is designed to shill on buyers at any random moment, but what is buzzing has good chance to behave in a cyclical manner.