🚨 WIF ALERT: Bearish Breakdown Imminent? Key Support Levels in Danger! 🚨

In our previous analysis, we highlighted critical resistance and support levels for WIF. The market is now showing signs of testing these levels.

Resistance Level: $3.6061

Continues to be a formidable barrier for upward movement.

Volume Analysis:

Point of Control (POC): $3.4489

Value Area High (VAH): $3.6061

Value Area Low (VAL): $3.2322

Concentrated trading volume suggests significant market interest at these levels.

Current Price: $3.2417

Trading just above the VAL, indicating potential support testing.

Support Levels:

Major Support: $2.3816

Minor Support: $3.2322

Relative Strength Index (RSI): 50.67

RSI nearing 50, signaling a neutral stance but leaning towards bearish.

Key Takeaways:

A break below $3.2322 could lead to a significant drop toward $2.3816.

RSI hovering around 50 suggests indecision; monitor for potential bearish crossover.

Watch for price action near the $3.2322 support level for potential buy opportunities or further declines.

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$WIF #MemeWatch2024 #altcoins