Technical Analysis for $WIF
/USDT:💯🔥
Current Price: $1.92
Trend: The market has shown a strong upward momentum of 5.60% in the past 24 hours, indicating positive momentum.
Support Level: $1.802 (Recent low), providing a key level to monitor for potential pullbacks.
Resistance Level: $1.975 (Recent high), which may act as a barrier to further price increases.
Trade Signal:
Buy Signal: Given the upward momentum, entering at $1.92 could be a favorable choice with a tight stop-loss just below the support ($1.80).
Target Levels (🎯):
1. Target 1: $1.95 – Initial resistance to take partial profits.
2. Target 2: $1.97 – Breakout potential, hitting recent highs.
3. Target 3: $2.00 – Psychological level with a possible continuation of the bullish trend.
Momentum:
Strong Bullish Momentum: The increase in price over 24 hours and significant volume (26.25M in WIF/49.82M in USDT) support a continued bullish market structure.
Caution: Watch for possible corrections if the price approaches resistance levels ($1.975).