WIF: This one is CRUCIAL
The price of WIFUSD is moving in a pennant on the daily chart. Due to the recent sell-of in the market, the price is now sitting at a major support. This moment is crucial for WIF!
Bullish Case:
Bearish Case:
Is this a necessary cool-off period for meme coins? Share your thoughts in the comments and boost this idea if you agree with it.
Cheers,
Ares
Bullish Case:
- A strong reaction from the buyers, forming a V-shape recovery with $3 as our next technical resistance
- A small retrace followed by push to the trend-resistance at $3.60
Bearish Case:
- WIF is breaking through the support within the next two days with $2.26 as the next short-term support
- A re-test of the trend resistance (previous support) followed by another drop to the key support level at $1.95
Is this a necessary cool-off period for meme coins? Share your thoughts in the comments and boost this idea if you agree with it.
Cheers,
Ares
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