$3.40 resistance key for WIF

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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• WIF has seemed to find its support in the grey box between $2.84 and 2.97.
• The key level for WIF to reclaim back above is the $3.40 level.
• If WIF were to fall below $2.90, there would be a lot of support stacked down to $2.60, so we'd expect a lot of buying pressure to come into WIF sub $3.00. However, we're not expecting WIF to drop much below $3.00.
• This pullback in price has seen the RSI substantially reset, and it is now back in the middle territory at 53.
• If WIF can break out of its downtrend line, that might help fuel a move up to $3.40 and then potentially reclaim that level.

• Next Support: $3.00
• Next Resistance: $3.40
• Direction: Neutral
• Upside Target: $3.40 (then $4.00)
• Downside Target: $2.85

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Cryptonary's take

We expect WIF to be range bound between $3.00 and $3.40 for some more days. It's possible that WIF is forming a bottoming pattern here, similar to what DOGE did at the $0.10 area.

This might mean that more time is needed at these price levels, but if/when a breakout happens, it might be strong to the upside.