Accurate chart analysis of the WIF asset🧐
$WIF $PEPE $NOT
The chart shows price consolidation in a narrowing triangle 📉.
Upper resistance line: located at around $3.20. A breakdown of this level can give a signal for growth.
Lower support line: holding at around $2.50. A breakout of this level could lead to a further price decline.
Indicator:
MA (Moving Average) shows the current weakness in the market.
The SAR (Stop and Reverse) indicator also signals the continuation of the bearish trend.
The total trading volume 📊 is increasing, which may indicate readiness for a major movement.
Now let's move on to on-chain analysis 📈.
On-chain analysis for WIF
Number of active addresses: Address activity indicator is important for understanding user engagement. The latest data shows a steady increase in active addresses.
New addresses: The emergence of new addresses indicates an increase in interest in the asset. Recently there has been an increase in new addresses.
Transaction volume: Transaction volume remains at a stable level, indicating healthy activity on the network.
Netflows: Netflows indicate that more funds are entering the network than are being withdrawn, which is a positive signal 📈.
Net flow of large holders: Large holders (owners of more than 0.1% of working capital) continue to accumulate the asset, indicating their confidence in future growth.
Exchange Reserves: Exchange reserves are declining, indicating that investors are withdrawing funds from exchanges for long-term storage.
Taker Buy/Sell Ratio: The ratio shows that buyers are more active than sellers, which can cause the price to rise.
Liquidity level: The liquidity level is stable, which allows large transactions to be carried out without problems.
Addresses ARE GETTING PROFIT (in money): Most addresses are in profit, which has a positive effect on investor sentiment.
Addresses Break Even (Money): A moderate number of addresses are breaking even.
Addresses CAN lose money (outside money): A minimum number of addresses incur losses.
INFLOW AND OUTFLOW OF SMART MONEY: Smart money is actively pouring into the asset, which is a strong bullish signal 💪.
Network Participation Rates: Network participation rates are high, indicating stable and engaged users.
Number of Staking Nodes: The number of staking nodes is growing, which increases the decentralization and security of the network.
Token distribution: The distribution of tokens remains uniform, which reduces the risk of concentration of assets among individual players.
Developer activity: Developer activity is high, which contributes to the development of the project and attracting new users.
Social Activity and Adoption: Social activity around the project is increasing, indicating the asset's growing popularity and acceptance within the cryptocurrency community.