RSI shows oversold, $WIF is about to rebound?
I have good news for you! WIF's open interest has soared 12% in the past 24 hours, which shows that traders are increasingly interested in it. Do you feel this enthusiasm?
Looking at Binance, 68.4% of top traders are holding long positions, and only 31.6% are holding short positions. This ratio clearly shows that everyone is optimistic about the future trend of WIF!
Speaking of WIF's good partner WIF Meme Coin, it is also following the strong momentum of SOL and looks like it is about to soar. This is not only because of the price increase, but also some other data are also supporting its bullish outlook.
For example, WIF has come out of the descending triangle pattern in the four-hour time frame, and now it looks like it is about to break the bullish double bottom pattern. Once it really breaks out, the price will soar by 22%, and it may rise to $4.7 in a few days!
Moreover, WIF is now trading above its 200-day exponential moving average, which indicates that it is in an upward trend. In addition, the relative strength index also shows that it is in the oversold zone, and there is a high probability of a rebound in the next few days.
Other on-chain indicators are also supporting WIF's bullish outlook. The open interest has increased so much, and the long/short ratio has reached 2.16, which shows that the market is very bullish.
However, despite the good situation, WIF's trading volume has dropped by 10% in the past 24 hours. This may be because the participation of traders and investors is not that high. But then again, this does not affect our optimism about WIF's future.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold until the end of the year. It is no problem to expect more than 10 times the space. The number of places is limited! If you want to follow up, like + leave a message.
