Market Direction

WIF retests $2.84-$2.97 grey zone

Published: Nov 26, 2024

WIF retests key support at $2.85, consolidating after its pullback, while BTC, ETH, and SOL stabilize at critical levels. Could this mark the next breakout? Let’s dive into the latest insights and projections.

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.

In our last update, we called that WIF might pull back and retest the grey box between $2.84 and $2.97. We have now had that retest.
WIF was rejected at the horizontal resistance of $3.40 a number of times and couldn't seem to surpass it, so that's the next major market for WIF to clear above.
If WIF loses the grey box, then the next area is $2.55. However, we expect the grey box to hold for WIF.
On the move down in price, the RSI reset substantially, having been majorly overbought.

7. WIF price chart showing rejection at 3.40, RSI reset, and support at the 2.84–2.97 zone.

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

Don’t miss the latest dogwifhat (WIF) price prediction—explore our insights to stay ahead in the crypto market.

Cryptonary's take

WIF is now listed on major Exchanges, which is a huge plus for this coin. We expect this to be the major winner of this cycle, with it being the number 1 SOL meme. The grey box is and was the area for those to accumulate who may be underweight WIF. We expect there to be more chop over the coming days, but we think WIF has done the majority of its pullback here.

Overall, we're extremely optimistic about the outlook for WIF, so we're not looking to sell Spot holdings anytime soon.