The WET price broke out from a diagonal resistance.
Can WET sustain its momentum and move to new highs?
The WET price is back in focus after a sudden explosive rebound erased days of losses in a single session.
Following a brutal post-launch crash, HumidiFi’s token has displayed a rare bullish reversal pattern that traders are closely watching.
With momentum flipping and key resistance now in play, the question is whether this surge is just a relief bounce or the start of a much larger move.
WET Price Analysis
The WET price pumped shortly after launch, but then crashed shortly afterward, falling to a low of $0.171 on Dec. 15.
This represented a decline of nearly 50% since the all-time high, all of which occurred within less than a week.
However, everything changed today.
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Currently in wave four, a short-term retracement could follow, after which WET could surge to new highs.
The main short-term support levels are at $0.236-$0.250.
Once WET reaches them and bounces, the upward trend could continue.
New Highs Likely
The WET price is showing its first real signs of strength since launch, supported by a triple bottom pattern, a resistance breakout, and a completed bearish wave structure.
Still, the move remains fragile unless WET can reclaim the $0.275 resistance with a strong close.
If buyers defend the $0.236–$0.250 zone and momentum holds, a breakout to new highs appears imminent.
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
