WIF/USDT Testing Key Resistance Levels
$WIF

Current Price: WIF/USDT is trading at $2.413, up +1.09% in the current 4-hour time frame.200-Period Moving Average (MA): The price is above the 200-period MA of $1.706, indicating a bullish bias and strong support for upward movement.VWAP (Volume Weighted Average Price): The VWAP is currently at $2.422, which supports the price being above recent volume averages, indicating sustained bullish momentum.

Key Indicators:

RSI (Relative Strength Index): The RSI is at 60.91, which suggests bullish momentum but is still below overbought levels, indicating there could be more room for an upward push before a pullback.MACD (Moving Average Convergence Divergence):MACD Line: 0.089Signal Line: 0.082Histogram: Positive, indicating bullish momentum is still in play. The MACD line is slightly above the signal line, further reinforcing bullish sentiment.

Resistance Levels:Immediate Resistance: $2.90, a significant barrier from the historical range which could see sellers stepping in.
Support Levels:Immediate Support: $2.10, recently acting as support and should provide some stability in case of a pullback.

Bullish Scenario: If WIF/USDT breaks above $2.90, it could quickly advance towards the $3.20 level.Bearish Scenario: If the price fails to maintain the current upward trajectory, it might retrace to the $2.10 or even $1.75 support level, where renewed buying interest could be observed.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.

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