#WIF逆袭
WIF Price Prediction:
In the event of increased supply, the WIF price trend returns to the support level of $3.
In a rapid pullback, WIF is at a critical crossroads that will determine the fate of the December trend. Will the pullback break below $3 or rebound to $7?
The WIF trend shows a strong reversal rebound. Starting from 1.262, the highs and lows of WIF have already broken through 3.
The recovery rebound peaked at 4.797, but with the market pullback, it fell back to around 3. The current trading price is 3.13, with a support level of 78.60% Fibonacci level at 2.9845.
As a retest, although a long tail has formed, the WIF trend still indicates a W bottom reversal. The upward trend has failed to maintain dominance above 3.7733 or the 100% Fibonacci level.
Currently, WIF is consolidating between two key areas. A breakout on either side will determine the future price trend.
EMA: The rising 50-day EMA provides dynamic support and is gradually approaching the 78.60% Fibonacci level.
MACD: The MACD indicator maintains a downtrend, with a bearish histogram surge.
The intraday pullback is 1.83%, indicating bearishness. Before the pullback, it rose 116%. Therefore, a sustained pullback may be a retest and could rebound.
According to Fibonacci levels, the downside price target is 6.7180, with a Fibonacci level of $2.48.
If a bullish breakout occurs, the potential upside targets are 5.08 and 7.427. The rounded bottom pattern indicates that the likelihood of a bullish breakout increases with the market recovery.
Key support is at the 78.60% Fibonacci level of 2.9845, and resistance is at 3.77 (100% Fibonacci level). Upside targets include 5.08 and 7.427.
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