It is predicted that the WIF price will continue its steady upward trajectory after sparking a surge over the last few hours that has intensified the battle between bulls and bears. The price is continually establishing lower highs and lows, indicating the bears’ increasing power. There is still a lot of selling pressure and negative volume flow, which presents a significant obstacle for the bulls right now. Given the bulls intense efforts to justify a rebound, a 20% upswing may be imminent.
The technical analysis, however, points to a varied pattern of trading that suggests the WIF price is vulnerable to an 8% decline before the next bullish phase. The bulls have only now broken out of the resistance and WIF back to trading green. WIF is currently with a 4.2% increase over the last 24 hours.
However, bulls are currently not in the driver’s seat in the cryptocurrency market. Consequently, it is anticipated that a decline below the lower support will draw bulls, who might then draw the volume needed to start a rebound. This raises the prospect of a positive rebound, pushing the price back up to $2.8 and possibly even $3 by the end of the month.
