🪷 $WIF : Price Prediction 🪷
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Despite experiencing a significant price drop, my faith in WIF crypto remained unwavering. While initially purchased at a higher price, the coin's robust recovery surpassed expectations, particularly when compared to other meme coins. The rapid rebound in open interest suggests a potential short squeeze, indicating heavy shorting activity.
Market conditions continue to favor WIF, with technical indicators pointing towards increasing open interest and significant spot buying. While a slight pullback to the main support level of $1.75 is possible, especially with Bitcoin's consolidation and altcoin capital influx, the coin's recent momentum and relative strength suggest it will likely hold the support level.
With bullish market sentiment prevailing, WIF could even be a contender for listing on Coinbase. The next psychological hurdle lies at $2.5, and if WIF maintains this level as support, it could pave the way for further gains, potentially rallying towards $2.75 and $3.00 in the near future. Keeping a close eye on these developments could prove fruitful for investors eyeing WIF's potential growth trajectory.
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