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Technical analysis by SatochiTrader about Symbol WIF: Buy recommendation (11/2/2025)

https://finbeet.com/message/3889178
SatochiTrader
SatochiTrader
Rank: 6120
1.6

WIF/USDT – Accumulation Phase Before Potential Recovery

Message Type:Buy
Price at Publish Time:
$0.53804
Buy،Technical،SatochiTrader

WIF continues to consolidate after an extended downtrend, currently trading around $0.53 within a well-defined range between $0.45 (support) and $0.85 (resistance). The structure shows signs of base formation, with steady accumulation and reduced volatility — a setup that often precedes directional movement. Support zone: $0.45 remains the key demand area where buyers are consistently stepping in. Resistance zone: The main resistance to watch is near $0.85 — a breakout above could confirm trend reversal. Volume behavior: Gradually increasing volume hints at potential momentum build-up for an upward move. If market sentiment improves, WIF could attempt a return toward the $0.75–$0.85 zone, marking a mid-term recovery phase. For now, holding above $0.50 keeps the structure constructive for a bullish continuation.

Source Message: TradingView