Technical Analysis of WIF/USDT - 3 Target Levels to Watch ๐
The WIF/USDT pair has been showing strong upward momentum with a +15.01% increase in the last 24 hours. Here's a quick breakdown of the current price action and potential targets to keep an eye on:
๐ Current Market Overview:
Current Price: $3.1
24h High: $3.222
24h Low: $2.539
24h Trading Volume:
WIF: 190.66M
USDT: 570.21M
SAR Indicator: 1.997 (Potential for trend reversal if the price moves below this level)
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๐ฏ Target Levels to Watch:
1. Target 1: $3.30
Reason: The first resistance level is at $3.30. If the current upward trend continues, WIF/USDT might test this price point. This aligns with the market depth, with higher bids showing interest around this level. A breakout above could signal further bullish momentum.
2. Target 2: $3.50
Reason: A significant resistance is expected around $3.50. This level has previously been a hurdle for WIF/USDT, and if the price manages to push through $3.30, $3.50 is likely to be the next target. Watch for confirmation through higher trading volumes.
3. Target 3: $3.80
Reason: A more aggressive bullish move could bring us to $3.80, where we might see heavier resistance. This target assumes continued strong buying pressure and breakout momentum from the $3.50 zone.
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โ ๏ธ Support Levels:
Immediate Support: $2.90
Strong Support: $2.54 (24h Low)
If the price dips below $2.90, we could see a potential test of the $2.54 low, with further downside risk if this level fails to hold.
