Technical analysis by JustinNorok about Symbol WIF: Buy recommendation (8/24/2025)

WIF/USD is currently consolidating near $0.89, trading within a key range between support at $0.83 and resistance near $0.98–$1.06. Key Observations: Support Zone: $0.83 – $0.80 has held multiple times, showing strong buying interest. Deciding Channel: Price remains within a downward-sloping channel; a breakout above it could trigger bullish momentum. Consolidation: Price action suggests accumulation; watch for a potential breakout above $0.98–$1.06 for continuation. Resistance Levels: $0.98 → $1.06 → $1.14 are the next zones to monitor if bullish breakout occurs. Possible Scenarios: 1. Bullish: A bounce from $0.83 or breakout above $0.98 could send price toward $1.06–$1.14. 2. Bearish: If $0.83 fails, we may see further downside toward $0.80 or even $0.70. Conclusion: WIF/USD is at a critical decision point. Traders should watch for breakout confirmation with volume and manage risk accordingly.