Technical Analysis Report: $WIF /USDT

Current Price: $2.349. The $WIF /USDT pair shows a positive trend with a recent increase of 5.24%. The price movement on the 4-hour chart indicates sustained buying interest, evidenced by a series of green candlesticks that push the price upwards.

Resistance and Support Levels: The current resistance is at the recent high of $2.429. Overcoming this barrier could signal continued upward momentum. The nearest support is identified at the recent low of $2.164, which has provided a strong base during the last trading sessions.

Trading Strategy: Traders might consider entering long positions if the price can sustainably break above the $2.429 resistance level, targeting further highs. It is advisable to place a stop-loss order just below the support at $2.164 to mitigate potential downside risks.

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