$WIF
WIF
Created with Highcharts 9.1.1
2,9251
-2.38%

WIF
Created with Highcharts 9.1.1
2,925
-2.33%



Price and Trend Overview

  • Current Price: $2.849

  • Trend: Bearish. WIF/USDT has broken below the 200-period Simple Moving Average (SMA) at $3.242, signaling a shift to a bearish medium-term trend. The price is currently testing a critical support zone near $2.800, with potential for further declines if this level fails.

Indicators

  • RSI (Relative Strength Index):

    • Value: 28.18

    • Condition: Oversold, suggesting potential for a short-term rebound if buying interest increases.

  • MACD (Moving Average Convergence Divergence):

    • MACD Line: -0.101

    • Signal Line: -0.142

    • Histogram: -0.041

    • Condition: Strong bearish momentum as the MACD line remains below the signal line, with a widening histogram indicating increasing selling pressure.

  • Volume:

    • Trading Volume: 6.824M

    • Interpretation: Moderate volume during the recent decline suggests steady selling pressure, but no signs of capitulation yet.

Key Levels

  • Support Zones:

    • $2.800: Immediate support level currently being tested.

    • $2.500: A psychological support level and previous demand zone.

  • Resistance Zones:

    • $3.000: Immediate resistance from recent breakdown levels.

    • $3.242: The 200 SMA level, now acting as a key resistance.

Scenarios

  • Bullish Scenario:
    If WIF/USDT holds above $2.800 and reclaims $3.000 with increasing volume, it could signal the start of a recovery toward $3.242 or higher.

  • Bearish Scenario:
    A breakdown below $2.800 could lead to further declines toward the next major support at $2.500, especially if accompanied by increasing sell volume.