Market Direction

WIF Market Direction

Published: Jun 25, 2025

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.

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.

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.