Crypto
WIF Price Hits $0.25 Resistance as Bullish Conviction Builds
The price of WIF rose by 5.3% on September 29th, but it quickly ran into resistance at $0.25.
This level is not just a random barrier - it's both an immediate and strong resistance point for the asset.
Open interest surged 6.88%, indicating that new money is entering the trade, rather than just existing longs marking up their books.
The setup is complex, with bullish momentum slowing down as price hits $0.25, as evidenced by a dead-flat MACD histogram and RSI at 59.36.
Top trader positioning on Binance futures is 61.7% long against 38.3% short, while general market positioning is more balanced, confirming that the bullish edge is held by larger, more sophisticated players.