WIF has performed well, but is it really time to buy the bottom?
WIF has performed well compared to other altcoins, with prices falling to $2.374, a 5% drop. Looking at the 4-hour candlestick chart, it is clear that since the high of $2.640, there have been consecutive negative candlesticks, which indicates that the market has been subject to strong selling pressure, which has pushed prices lower.
This action is part of the recent wide range from the 24-hour high of $2.600 to the low of $2.151, showing that the price fluctuations during this period were relatively violent. Some people believe that the decline of the market is due to Iran's missile attack on Israel, but I think this has a part, but not a big impact.
At present, the price of WIF seems to have found temporary support near the low of the daily trading range. Therefore, the price of $2.151 should be regarded as an important support level for traders.
If this support level can be maintained, it may provide an opportunity for a rebound in prices. However, once this support level is effectively broken, it may indicate that the price will fall further. So it is too early to buy the bottom at present. We need to observe and observe. Good things come late!
Facing the upcoming violent bull market, Sicong plans to ambush some tokens that are ready to explode, and also find some potential coins to get by the end of the year. Friends who like spot 👉 click on the avatar to follow me and get first-hand consultation and in-depth analysis!
