I wanted to write a scathing review about what a terrible meme coin it is and how it should slide to zero.
➡️ But after looking at the chart in detail, I was surprised to see that technically, the token looks incredibly good! Let me explain why:
🔹 $1-1.08 are key levels for the token, with a large number of support levels that are actively holding the price so far. Since the token has undergone a powerful correction, it is not now falling down with every sneeze of Bitcoin.
🔹 Volume - purchase volumes are indeed diverging from the price, which means that buyers are not interested at current prices. However, this is currently observed across the entire market due to a decline in activity in the summer and after a powerful rebound.
🔹 Money Flow - the liquidity inflow indicator shows surprising harmony with the price! Moreover, WIF is one of the only tokens that has been actively receiving new liquidity since February 2025! This means that whales have long noticed this underprice and started to take positions. Even now, when the market is in a range, the indicator is in the positive zone.
🔹 Dynamic Support/Resistance - the token continues to be in a bullish structure (higher highs, higher lows) and has been rejected twice from key resistance at $1.359. This is currently the biggest resistance for the price, and once it is overcome, the movement will become much easier, especially given the huge number of short stops above, because everyone loves to short meme coins so much that their funding becomes negative within minutes of any correction.
But, as you can see from the chart, a huge and uniform layer of interest has formed from $0.85 down to $0.31. This shows that there are a lot of people willing to buy the token at low prices.
📌 Conclusion:
I am one of the main haters of WIF. It always looked like crap, I shorted it a lot at any hint of a correction and made good profits.
But now the token looks really good and is in the process of forming its low. So, if the structure remains the same, I will definitely consider buying it on the spot.
➡️ But after looking at the chart in detail, I was surprised to see that technically, the token looks incredibly good! Let me explain why:
🔹 $1-1.08 are key levels for the token, with a large number of support levels that are actively holding the price so far. Since the token has undergone a powerful correction, it is not now falling down with every sneeze of Bitcoin.
🔹 Volume - purchase volumes are indeed diverging from the price, which means that buyers are not interested at current prices. However, this is currently observed across the entire market due to a decline in activity in the summer and after a powerful rebound.
🔹 Money Flow - the liquidity inflow indicator shows surprising harmony with the price! Moreover, WIF is one of the only tokens that has been actively receiving new liquidity since February 2025! This means that whales have long noticed this underprice and started to take positions. Even now, when the market is in a range, the indicator is in the positive zone.
🔹 Dynamic Support/Resistance - the token continues to be in a bullish structure (higher highs, higher lows) and has been rejected twice from key resistance at $1.359. This is currently the biggest resistance for the price, and once it is overcome, the movement will become much easier, especially given the huge number of short stops above, because everyone loves to short meme coins so much that their funding becomes negative within minutes of any correction.
But, as you can see from the chart, a huge and uniform layer of interest has formed from $0.85 down to $0.31. This shows that there are a lot of people willing to buy the token at low prices.
📌 Conclusion:
I am one of the main haters of WIF. It always looked like crap, I shorted it a lot at any hint of a correction and made good profits.
But now the token looks really good and is in the process of forming its low. So, if the structure remains the same, I will definitely consider buying it on the spot.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.