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SilentEyes

2024/10/07 09:24

The WIF prices were stuck within a bearish pattern

The WIF prices were stuck within a bearish pattern, but the bulls gained back control in time. With this, the prices maintained a horizontal consolidation for a few weeks, followed by a bullish breakout beyond the channel. However, the token appears to have risen after a retracement, and hence a steep upswing could be imminent. 

unnamed - 2024-10-07T112258.805.png
As seen in the above chart, the price has accomplished a retracement and hence seems to be poised to head towards the final resistance zone. The levels are between $3.3 and $3.5 and can be considered as a final barrier before marking a new ATH, which may be achieved in a few days from now. The RSI, which had dropped, has triggered a bullish reversal while the Gaussian channel has turned bullish. This suggests a rise beyond $4 is on the horizon, while a new ATH above $5 could be imminent. ........

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