A miracle reappears! WIF rises from the bottom and aims at a new high!
WIF/USDT has recently risen significantly, and the current trading price is about 2.66, which can be regarded as climbing out of the previous trough. Looking at the cluster chart, during the recent correction, the price has been stable in the strong support area of 2.00.
Now the price has stood on the 200-period moving average (MA), which shows that the medium-term trend has begun to turn optimistic. The relative strength index (RSI) is now 64.24, and the rise is quite fierce, but it is also about to enter the overbought area, and buyers may need to take a break.
The MACD histogram is also rising continuously, and it has also given a positive crossover signal. As long as the trading volume keeps up, the rise can continue. If WIF can maintain this momentum, the resistance level of 2.60 or even 3.00 may be broken.
However, if the price falls below the support level of 2.00, it may have to fall further, even to 1.80. Therefore, by keeping an eye on the trading volume, you can roughly know how strong this rally is.
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