$WIF Price Prediction: A 20% Rally Is Possible - BeinCrypto Analytics

Another examination of the technical state of the memecoin shows that the Moving Average Convergence Divergence (MACD) sits above the signal line.

The MACD indicates momentum using the difference between two moving averages—specifically, the 26 EMA (orange) and 12 EMA (blue). The indicator also helps spot entry and exit points. 

A positive reading of the MACD indicates a bullish momentum, while a negative reading suggests otherwise. Thus, the reading at press time suggests that WIF’s momentum is bullish, and an entry between $1.68 and $1.72 could yield gains as the price attempts to retest $2.11.

It is worth noting that WIF does not yet have a clear path above $2. To validate the thesis, bulls must sustain the current momentum and kick off whatever dominance bears want.

If this happens, the WIF’s price may rise above the landmark. But in the event that selling pressure takes over the meme coin market again, this will be invalidated. Should that be the case, WIF will drop below $1.60 again.