🐶 WIF/USDT 🐶

✔️ $WIF , one of the leading coins of the Memecoin market, received a reaction from the main support zone of $2.30 as BTC tested the $56500 levels last week and moved its price up to $3.50 in a very short time. It is currently trading at $3.06.

✔️ When we examine the WIF chart in a 4-hour period; We observe that the price retested the falling trend it broke after its last rise and continued its rise. If the price wants to target the upper regions from here, we can say that the first main resistance for WIF is $3.50, as seen from the chart, and the second main resistance is $4.35.

✔️ My opinion: If we do not observe a general bearish structure in the crypto markets or an aggressive bullish structure on the Bitcoin Dominance (BTC.D) chart in the coming days, I think we may see an intermediate rise period targeting at least the first main resistance levels in altcoins, especially Meme and AI coins. A few reasons for this are:

✅ I think USDT.D and BTC.D charts have reached saturation in the short term.

✅ I think ETHBTC parity is at an intermediate support level before the final decline.

✅ TOTAL chart is at support level.

✅ BTC found Spot CVD support at $61000 and showed an upward trend.

✅ Large short liquidations accumulated in the upper regions for a long time.

❗️ What I write here is my own opinion and is not investment advice. #DYOR #memecoin