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Market Direction

WIF Market Direction

Published: Jun 25, 2025
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WIF remains stuck in a sideways range with no clear directional bias. Price action is choppy, and we expect consolidation to continue between support and resistance levels.

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Market Context
WIF has broken down from its recent bullish structure but is now showing early signs of stabilization, forming a double bottom around next support at 0.783.
•RSI is at 43, sitting in neutral territory with room to go lower — not currently a decisive factor.
•Price is currently trading below the 200 EMA, suggesting short-term weakness.
•Volume has dropped off and the last two daily candles have formed within a tight range, reflecting market indecision.
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Thesis:

WIF is currently neutral in the short term. Despite the breakdown, the double bottom around 0.783 is notable and could serve as a base for higher moves. That said, low volume and range-bound price action point to consolidation rather than trend resumption. For active traders, it’s best to sit tight for now. But for long-term holders, this zone offers a potential accumulation area — especially considering the upside back to all-time highs implies a near 500% return.

Cryptonary’s Take

There’s no strong reason to rush into WIF here, but the double bottom and broader upside potential make this an area worth watching. For spot buyers with conviction, it’s a reasonable place to start scaling in. For traders, we wait for either volume confirmation or a reclaim of structure.

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