Technical analysis by OnchainNewsBlog about Symbol WIF: Buy recommendation (1/5/2026)

I’m watching WIF cautiously on the weekly, but it’s now firmly on my radar for a potential bottoming process, along with other SOL ecosystem meme coins. After a prolonged and aggressive downtrend from the highs, downside momentum has slowed materially. Price is no longer cascading lower and is instead compressing near the lows, which is often how these assets begin transitioning from distribution into early accumulation. This isn’t a reversal yet, but it is a change in behavior. Structurally, WIF is spending time building value near the bottom of its range rather than bouncing and failing immediately. Volatility has contracted significantly compared to prior selloffs, and each push lower is attracting quicker responses from buyers, even if they’re still cautious. I’m not assuming this is a bottom, but this is the zone where bottoms typically form if they’re going to form at all. The key for me will be time and confirmation: higher lows, reduced sell pressure, and eventually a reclaim of prior weekly resistance. Until then, patience is critical. This same dynamic is starting to show up across several SOL meme names, which makes it worth monitoring as a group rather than in isolation. For now, this remains a watch-and-wait situation, with risk management front and center and no need to force exposure before the structure proves itself.