Wif remains the biggest coin On the Solana ecosystem, but has lost its upward path during the increase in supply in recent months. The global market structure seems to be lower and now follows a negative bias daily.
After failing to break above its previous peak of $ 5 last November, WIF lost momentum and formed a double summit. This led to a regular drop for two months before breaking the level from $ 1 to $ 1 this month.
This generated a lot of FUD on the market, but the room even managed to recover after quickly rejected the level of $ 0.63 earlier this week. With the recent collapse, it should be noted to say that bears control now.
Technically, bulls are currently outside this market. But for those who seek to react for a long-term return, WIF currently offers another great opportunity to buy on the mid-term scale, and the appearance of things, the delivery could last at the key level of 0 , $ 5 – where the price broke out a year ago – before bouncing.
Looking at the daily graphic, he always loses momentum despite the recent rejection. A collapse below this week could lead to more discounts until it finds a threshold. Now WIF remains down on the daily graphic.
WIF key levels to monitor
Source: Tradingview
WIF is currently negotiating an inch of the support of $ 0.63. Ventilation from there could bring the price to $ 0.48 and potentially $ 0.334 before rebounding.
The level of $ 0.975 is considered an immediate resistance in the event of purchase. Finding $ 1 could allow more purchases at $ 1,377. The resistance levels of the following keys to monitor a strong recovery are $ 2, $ 3 and $ 4 in the short term.
Key resistance levels: $ 0.975, $ 1.377, $ 2
Key support levels: $ 0.63, $ 0.48, $ 0.334
- Cash price: $ 0.73
- Trend: lowering
- Volatility:
Disclosure: they are not negotiation or investment advice. Always do your research before buying a cryptocurrency or investing in services.
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