Today saw WIF through another notable increase after remaining calm throughout yesterday. Advancing bullish move, it flipped through a key price level and now looks strong on the daily chart.
Looking back from where the price rebounded in April, WIF has seen a notable recovery with no signs of slowing down at the time of writing.
However, the meme coin saw a small setback after facing resistance late last month, but it managed to regain strength and increased steadily to a high of $0.98 last week. It lost steam and closed the week calmly.
Things turned more positive today as the demand level increased and the price exploded to a three-month high of $1.27. This high was slightly rejected to where it is changing hands at $1.21 at the time of writing.
Despite that, the price is still strong on the day, and as a result, we can expect more gains in the coming days. The $1.37 resistance may pose a threat. If that happens, WIF may pull back to retest the key $1 level as support before fueling a bigger price movement in the future.
Failure to find support there could lead to another notable retracement until the crypto finds a solid ground for a rebound. For now, the bulls are in control.
WIF’s Key Levels To Watch
As said earlier, the $1.37 resistance is an obstacle to watch in the latest surge. If it flips, the next area of interest for buying would be $1.75, followed by $2.3.
The closest support level for a pullback is $0.98. Right below it lies the $0.72 level. If the price falls below this level, the next key support to watch for a test would be $0.53
Key Resistance Levels: $1.37, $1.75, $2.3
Key Support Levels: $0.98, $0.72, $0.53
- Spot Price: $1.2
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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