$WIF WIF/USDT - Market Insights

📉 Current Price: $1.635 (-12.80%)

📊 24H Range: $1.568 - $1.881

🔄 24H Volume: 68.41M WIF

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Technical Overview

EMA Trends:

EMA(7): $1.646

EMA(25): $1.723

EMA(99): $1.895

Bearish Sentiment:

The price has sharply declined, finding support near $1.568.

Resistance is expected around $1.723, with EMA indicators suggesting a continuation of the downtrend unless a breakout occurs.

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Trade Strategy

Bearish Continuation:

Entry Zone: Below $1.620

Targets:

Target 1: $1.580

Target 2: $1.520

Stop Loss: $1.675

Bullish Reversal:

Entry Zone: Above $1.720

Targets:

Target 1: $1.800

Target 2: $1.880

Stop Loss: $1.650

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Observation

WIF has entered a recovery phase after touching $1.568 support. Traders should monitor volume and EMA levels closely to identify potential breakouts or further declines.

⚠️ Manage positions and risk wisely in volatile market conditions.

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