$WING WING/USDT Chart Analysis (1h timeframe)
Current Price: $1.181
24h Change: +27.95%
24h High / Low: $1.690 / $0.923
Trend: Sharp pump followed by retracement and weakening momentum
Technical Indicators (summary):
Parabolic SAR: Bearish, dots have flipped above the price and continue descending, indicating trend reversal.
MACD: Bearish crossover confirmed. Histogram is red and widening, showing declining momentum.
MA5 & MA10: Price has fallen below both moving averages, confirming the loss of short-term support.
Volume: Spike on breakout candle has been followed by consistent volume decay—interest is fading.
Price Action:
#WING experienced a strong parabolic move from $0.824 to a peak of $1.690 within a few candles, marking an explosive breakout. However, the move was not sustained. A sharp selloff followed, pushing the price below $1.30 and into a consolidation zone. Now at $1.181, price is struggling to recover, forming lower highs and descending candles with declining volume. The structure suggests a blow-off top scenario with bulls losing control.
Outlook:
Bullish scenario: Bulls must reclaim $1.29 to revive momentum. A push above $1.38 could open a path toward retesting the $1.52–$1.69 resistance zone.
Bearish scenario: If $1.14 fails to hold, further downside may push price toward $1.06 and $0.98. Breakdown below $0.94 would invalidate the breakout and signal a full retrace.
Conclusion:
WING/USDT surged violently but now shows signs of exhaustion. Bearish divergence between price and MACD, along with weakening SAR trend, confirms sellers are taking over. Unless volume returns and buyers step in above $1.30, this move risks evolving into a full correction. Caution advised below $1.14.