WIFלונג
Decoding; What WIF Price Can Do In Short-Term & Long-Term?
Decoding; What WIF Price Can Do In Short-Term & Long-Term?
When Bitcoin reached its all-time high in March, Q1-2024, WIF surged to $4.85. Since then, both have declined, with WIF experiencing a sharper drop. The fall in WIF's price has formed a falling wedge, characterized by a series of lower lows in Q2 and Q3 of 2024.
Currently, WIF has surged 15% intraday and is nearing the wedge's upper border. The price action in Q3 has also formed a symmetrical triangle within the wedge. These patterns suggest that the next move could be significantly large, driven by market optimism and Bitcoin's performance. The chances of a breakout appear strong.
For WIF's price to rise, it needs to show confidence by sustaining above the $2.31 change of character level. According to WIF price predictions, short-term targets are set at $2.31 and $3.00, while long-term targets are near $4.00 and $5.00. However, if confidence isn't established, WIF might continue to consolidate.
When Bitcoin reached its all-time high in March, Q1-2024, WIF surged to $4.85. Since then, both have declined, with WIF experiencing a sharper drop. The fall in WIF's price has formed a falling wedge, characterized by a series of lower lows in Q2 and Q3 of 2024.
Currently, WIF has surged 15% intraday and is nearing the wedge's upper border. The price action in Q3 has also formed a symmetrical triangle within the wedge. These patterns suggest that the next move could be significantly large, driven by market optimism and Bitcoin's performance. The chances of a breakout appear strong.
For WIF's price to rise, it needs to show confidence by sustaining above the $2.31 change of character level. According to WIF price predictions, short-term targets are set at $2.31 and $3.00, while long-term targets are near $4.00 and $5.00. However, if confidence isn't established, WIF might continue to consolidate.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.