Crypto
WIF Price Plummets: Experts Warn of Imminent $0.13 Test
The price action of WIF is unimpressive, with every major moving average stacked above the current $0.14 print in a textbook bearish formation.
The MACD histogram has flatlined at zero, signaling that whatever downside momentum existed has been temporarily exhausted, not reversed.
RSI stands at 39.55, which is not yet oversold extremes, meaning there's room to fall before panic buyers step in.
A test of $0.13 is imminent, and the base case over the next seven days is a near-term downside scenario with a 65% probability.