$WIF has recently surged above its 100-day Simple Moving

Average (SMA) following a resilient hold at the $1.03 support level. This bullish movement has propelled WIF to a market capitalization of $3.9 billion and a 24-hour trading volume exceeding $1.5 billion, positioning it as a dominant force in the meme coin market alongside $PEPE and $DOGE

WIF is trading at around $3.97, marking a 21% increase over the past 24 hours. The 4-hour timeframe chart indicates that WIF maintains its position above the 100-day SMA, reinforcing the bullish trend with potential for further upward movement.

According to NewsBTC: On the 1-day timeframe, WIF continues its bullish trajectory, evidenced by two consecutive bullish candlesticks driving today’s upward movement. The 1-day MACD indicator corroborates this bullish outlook, with histograms trending above the zero line and both the MACD and signal lines showing a positive spread above the zero line.

Outlook and Potential Moves

WIF faces two critical resistance levels at $4.34 and $4.86. Breaking above the $4.34 resistance could pave the way for a test of the $4.86 level. Surpassing this level may trigger a rally, potentially setting new highs.

Conversely, if WIF fails to break through these resistance levels, it might reverse toward the $2.25 support level. A drop below this could lead to a deeper correction, testing the $1.78 support level.

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Disclaimer:

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