<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/wif-coin-responds-to-market-downturn/" data-wpel-link="internal" rel="noopener noreferrer nofollow">WIF Coin Responds to Market Downturn</a><br></p>
<p style="text-align: justify">One of the popular meme coins, WIF Coin, has taken its share from the general <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">market</a> downturn. BTC has turned its direction downwards again. While altcoins have not recovered sufficiently, today’s drop in BTC <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">price</a> could spoil the mood for the weekend. Could <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">investors</a> in WIF Coin be in for a pleasant surprise? What price level do current data indicate for WIF Coin?</p>
<h2 style="text-align: justify" id="dogwifhat-wif">Dogwifhat (WIF)</h2>
<p style="text-align: justify"><strong>WIF Coin</strong> was finding buyers at $2.99 when this article was prepared. If <a href="https://en.coin-turk.com/chaos-in-crypto-markets-as-sec-twitter-account-hacked/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price had not experienced such a rapid decline, perhaps new peaks could have been seen over the weekend. WIF Coin, in particular, appears to have a better outlook compared to other altcoins. Open interest reflecting interest in futures is increasing for <strong>WIF Coin</strong>. This open interest has increased by $85 million over the last three weeks and the slow but continuing growth is promising.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-350078 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/WIF-Coin-macd.png" alt="" width="1907" height="782"></p>
<p style="text-align: justify">Since the funding rate is currently positive, we can say that investor sentiment is also bullish. Concurrently, there is a rising signal visible in the Moving Average Convergence Divergence (MACD). The MACD, a momentum indicator useful for trend following, plays a significant role in identifying potential entry opportunities.</p>
<h2 style="text-align: justify" id="how-much-will-wif-coin-be-worth">How Much Will WIF Coin Be Worth?</h2>
<p style="text-align: justify">Today, trading at $3.16, the price quickly dropped below $3 within a few hours but is now struggling to reclaim the $3 mark. Despite BTC’s price suddenly dropping by $3,000 today, WIF Coin experienced more limited losses. The main resistance level to overcome is currently at $3.18.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-350079 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/WIF-Coin-grafik.png" alt="" width="1920" height="780"></p>
<p style="text-align: justify">WIF Coin, trading within a rising wedge formation, could see a 21% increase if the expected breakout occurs. This formation, formed by price trading between two upward-sloping parallel lines, has triggered many major rallies in the past. However, as mentioned above, the $3.18 level must turn into support.</p>
<p style="text-align: justify">The real breakout will occur if the key $3.5 level is surpassed. At this stage, especially in futures, a stronger demand would not be surprising. What if the attempt to rise fails and the ongoing BTC downturn leads WIF Coin into new lows? If so, <strong>WIF Coin</strong> could fall to $2.75 and $2.36.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/wif-coin-responds-to-market-downturn/" data-wpel-link="internal" rel="noopener noreferrer nofollow">WIF Coin Responds to Market Downturn</a></h5>

WIF Coin Responds to Market Downturn

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