WIF has been making waves in the crypto market, climbing 6.63% in the last 24 hours to $3.29, signaling renewed bullish momentum
has been making waves in the crypto market, climbing 6.63% in the last 24 hours to $3.29, signaling renewed bullish momentum.
Moreover, WIF has reclaimed its critical support level of $2.978, a key zone that could now act as a springboard for further gains. Consequently, traders are eyeing the next price target at $4.822, representing a potential upside of 43.63%. Additionally, the Stochastic RSI is at an oversold level, reading 19.11, indicating that the asset could consolidate briefly before continuing upward. The breakout, coupled with these indicators, suggests that WIF has significant upward potential in the short term.Analyzing the long/short ratio offers more insight into market dynamics. Currently, shorts slightly outweigh longs, with 54.27% of taker volumes being short positions compared to 45.73% long.
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