$WIF

WIF/USDT Point Analysis and Long/Short Direction Prediction

Market Overview

Current WIF/USDT price is **$2.311**, daily drop of **-8.26%**, the market shows a strong bearish trend, with prices close to short-term support levels, and the 24-hour low reached $2.236.

• 24-hour high: $2.784

• 24-hour low: $2.236

• 24-hour trading volume: 94,207,300 WIF

Technical Analysis

1. Moving Average Indicators

• MA(7): $2.484 (short-term resistance)

• MA(25): $2.692

• MA(99): $3.092

Prices have significantly diverged from the moving average system, with strong downward momentum making it difficult to break through the resistance formed by MA(7) in the short term.

2. MACD Indicators

• DIF: -0.128

• DEA: -0.092

• MACD Histogram: -0.036

MACD shows that bearish momentum is further strengthening, and no rebound signals have yet appeared.

3. Trading Volume

During the decline, trading volume has significantly increased, indicating strong selling pressure from bears, and the market has not seen significant buying support.

4. Key Levels

• Support Levels:

• First Support: $2.236 (recent low)

• Second Support: $2.100 (psychological support)

• Resistance Levels:

• First Resistance: $2.484 (7-day moving average)

• Second Resistance: $2.692 (25-day moving average)

Trading Strategy

Bearish Strategy

If the price is under pressure near the resistance level and the rebound is weak, consider lightly shorting:

• Entry range: $2.450 - $2.480

• Take profit target: $2.300 / $2.200

• Stop loss position: $2.550

Bullish Strategy

If the price stabilizes near the support level of $2.236 and rebounds with volume, consider trying to buy on dips:

• Entry range: $2.200 - $2.250

• Take profit target: $2.400 / $2.500

• Stop loss position: $2.150

Trend Forecast

• Short-term trend: Clear bearish advantage, prices may continue to test support level $2.236; if this level is broken, further decline to $2.100 may occur.

• Mid-term trend: Only by breaking through the pressure range of MA(7) and MA(25) can there be a chance to reverse the bearish trend.

Operational Suggestion: Currently, the market sentiment is strongly bearish; it is advised to strictly control positions. Short positions should be treated cautiously at important support levels, with timely profit-taking, while long positions should wait for stabilization signals before entering to avoid losses from blind bottom-fishing.