WIF according to BeinCrypto: $WIF Price prediction: Waiting for recovery

The loss of the WIF price to potentially close above $4.00 was a huge blow, as this would have enabled the meme coin to make a new all-time high. However, this did not prevent investors from remaining optimistic about the recovery and continuing the rise.

The likely overall sentiment of WIF holders is currently positive, the first positive example in nearly two months. The last time WIF investors were bullish on the meme coin was in early April when the altcoin hit an all-time high of $4.85.

The market is also supporting a potential upside, as evident in the Average Directional Index (ADX). The Average Directional Index (ADX) measures the strength of a trend on a scale from 0 to 100, with values ​​higher than 25 indicating a strong trend.

Given that the ADX is above the 25.0 threshold, the uptrend has some strength. This could grow in the future as long as WIF investors do not choose to sell their holdings.

WIF price remains at $3.49 above the 50-day Exponential Moving Average (EMA). This is a crucial line of support; A dip below it may indicate a potential drop in price. But as investors and the market support the rally, WIF could close above the resistance at $3.62.

This closure will enable the rise to 4.00 dollars and beyond,