#WIF Technical Analysis on a Daily Timeframe
2024-09-24

WIF has recently shown a solid rebound, forming support lines, and is currently facing the resistance trendline around $1.977.

The 50 EMA is acting as strong support, and once WIF closes above the resistance trendline on the daily timeframe, we could see a bullish move.

If WIF gets rejected at the resistance trendline, the support between $1.48 and $1.67 must hold strong.

For now, let's wait for WIF to break and close above the resistance.

Key Levels:

- Primary Resistance: $1.977.
- Primary Support: $1.48 to $1.67.
- Entry 1: If WIF breaks out from resistance and retests around $2.
- Entry 2: $1.48 to $1.67 (if WIF gets rejected).
- Lower Support/Accumulation: $0.87 to $1.06.

DYOR, NFA.

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Thank you!

#WIF #Crypto 