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I noticed that WIF forms a cup and handle pattern on the daily chart, which is a classic bullish signal. The current price is around $0.18, and the pattern appears to be in its final stages.
The 200-day moving average sits at an important resistance level, and a breakout could pave the way for a stronger upward move. If the price can hold above this level, we may see significantly higher targets.
On the support side, there are nearby levels to watch carefully. If the pattern fails to confirm and the price drops sharply, we might test lower support levels gradually.
The bullish scenario requires a clear breakout above resistance with sustained support. If the price cannot maintain near support levels, it could indicate a loss of momentum. The key is to watch how the price behaves at these critical levels, as the cup and handle pattern may give us clear signals soon.