#WIF/USDT Key Support Levels in Focus
$WIF

WIF

On the 1-hour chart, WIF/USDT is showing a bearish trend with the price currently around $1.582, slightly below the 200-period moving average. This suggests the potential continuation of downward pressure.

RSI: The RSI is at 33.15, approaching the oversold zone. This indicates that some buying interest may emerge, but the selling pressure remains dominant.MACD: The MACD shows a bearish crossover, with the MACD line below the signal line and a negative histogram, reinforcing the bearish trend.

Resistance: The price faces resistance around $1.665. If the price breaks above this level, it could potentially rise towards the next resistance at $1.800.Support: On the downside, immediate support lies around $1.497. If the price drops below this level, it could test lower support at $1.400.

On the 4-hour chart, WIF/USDT also shows a stronger bearish trend, with the price remaining below the 200-period moving average, indicating continued selling pressure.

RSI: The RSI is at 38.21, also approaching the oversold zone, suggesting potential consolidation or reversal before the bearish trend continues.MACD: The MACD on the 4-hour chart indicates a stronger bearish trend, with the MACD line below the signal line and a negative histogram.

Resistance: Resistance on the 4-hour chart is at $1.665, a critical level for price movement. Failure to break above this level may reinforce the bearish trend.Support: Support is at $1.538, and if breached, it could lead to further declines towards $1.497 or lower.

Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.

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