🔥WIF ANALYSIS – Hold
The 4th largest meme coin by market Dogwifhat, WIF price showed some power yesterday to break above the downward resistance. At the press time WIF trading at $2.21, moving 22% in 1 day and 27% in 7 days.
WIF price is currently under a mixed speculative zone with mixed sentiments.
The falling wedge pattern breakout indicates a possible surge, 20% from the break already seen now. If the market conditions stay bullish WIF will create more higher highs.
WIF/USDT Chart shows no strong support or resistance, the price action is free to proceed. Applied RSI shows the coin is now in the overbought zone and buyers are now holding back to see if the seller holds.
The alligator indicator shows all lines have opened up wide, this means the price fluctuation is going to take place in either direction unless the lines intervene again.
WIF users must watch the $2.02 zone, a breakout below this can upset the holders. If the trend holds, the falling wedge pattern will be in action to surge above $3.
