The move accelerated quickly, printing a bullish candle that pushed the token’s price toward $0.26.
This zone previously capped upside moves. Therefore, it now acts as a critical turning point.
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At the same time, the breakout follows a clear higher low structure formed in late April.
Momentum indicators on the 4-hour chart support the move.
The Awesome Oscillator (AO) flipped strongly positive and is expanding.
This reflects increasing bullish momentum and growing buying pressure.
Meanwhile, the Relative Strength Index (RSI) surged to around 85, well above the overbought threshold. This shows aggressive demand. However, it also signals exhaustion risk.
Momentum favors the bulls, for now. However, the vertical nature of the move and extreme RSI levels suggest caution.
Historically, assets listed on Upbit tend to experience sharp, short-term bullish momentum as volume increases.
In this case, that pattern is playing out again, with buyers stepping in aggressively following the announcement.
WIF Price Forecast: Recovery Remains Fragile
While sentiment has improved, follow-through remains uncertain.
On the daily timeframe, resistance overhead and weak capital inflows suggest WIF’s rally may struggle to sustain without continued demand.
The rally now runs into immediate resistance near $0.27 (0.236 Fibonacci level), where sellers may re-enter.
WIF continues to trade below key levels at $0.32 and $0.37, suggesting the macro trend has not flipped. Although buyers are gaining traction, conviction remains limited.
Momentum indicators reflect this caution.
The Moving Average Convergence Divergence (MACD) has crossed into positive territory, yet strength is still building.
Meanwhile, the Chaikin Money Flow (CMF) remains below zero, indicating weak capital inflows.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
