$WIF is currently showing signs of a potential bullish trend, fueled by significant whale accumulation and positive technical signals. Recently, two whale addresses have accumulated over 20.58 million WIF tokens (worth $33.35 million), which has raised market optimism despite the general market downturn. This accumulation indicates growing confidence in a price recovery.
$WIF has found support at $1.07 and has bounced back from this level, validating the 0.786 Fibonacci retracement level. The next key resistance is at $2.00, which, if broken, could lead to a surge towards the $2.97,
both the MACD and RSI are showing bullish signals. The MACD has crossed above the zero line, indicating positive momentum, while the RSI has rebounded from the 50-midline, suggesting increasing buying pressure.
