WIF Trapped in Compression Zone Ahead of Potential Breakout

WIF, also known as dogwifhat, is currently trading at $0.25 and has been stuck in a compression zone between $0.24 and $0.26 for some time now.

This compression zone often resolves violently in the crypto market, and the question isn't whether WIF will move, but which direction it will go.

Despite this, the broader MA structure shows that WIF is trading above its 7-day, 20-day, 50-day, and 200-day simple moving averages, indicating a clean stacking that doesn't typically happen in a dying asset.