WIF COIN LONG OPPORTUNITY - Solana Memecoin 
2024-11-07

WIF is one of the top memecoins on the Solana blockchain. It often shows strong momentum, especially when Solana is moving upwards. Watching WIF can be useful for tracking both Solana’s trend and the memecoin market.

Technical Analysis: The price recently ran the daily swing liquidity and tapped into the weekly demand zone, where it faced strong rejection and began an upward move.

We also saw rejection near the bearish trendline that has influenced the downward trend over the last few weeks.

I’ll be looking for lower time frame confirmations around $2.12, which aligns with the 4-hour demand zone and Fibonacci retracement discount level.

Stop Loss: $1.85
Target 1: Bearish trendline
Target 2: $2.69
Target 3: $2.96