Recently, the performance of WiF coin is a little weak, failing to show an upward trend, but showing a downward trend. From the technical analysis of the daily level, the price of WiF coin has the potential to pull back to around 1.61 to find a support point. However, due to the strong support base shown by the market as a whole, the pullback process of WiF coin may not be smooth, and whether it can really reach this support level is still uncertain.
Looking further at the 4-hour chart, it can be clearly perceived that there is a large downward pressure in the market, but it cannot be ignored that the two consecutive cross star patterns have brought some support to the price of WiF coin, which reflects the existence of buying power below. Therefore, from a short-term perspective, the price of WiF coin may experience a period of shock and consolidation near this position.
