Analyzing WIF’s Path to $3.80: Should You Buy at $2 or Enter Now?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 14 2024WIF Price Volatility: WIF experienced a significant 30% surge to $4.83 but faced a sharp correction, dropping to $2.90, with resistance at $3.80 preventing further gains as investors cash out and long positions get liquidated.
Market Analysis and Strategy: Despite the current price drop, indicators like a cooling RSI and over-leveraged shorts suggest potential buying opportunities for new investors, while existing holders may benefit from HODLing in anticipation of a rebound towards $3.80.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
