Technical analysis by OnchainNewsBlog about Symbol WIF: Buy recommendation (1/6/2026)

WIF is finally starting to show some strength on the daily. After a long period of basing and grinding near the lows, price is now pushing higher with an impulsive move rather than another weak bounce. That’s a meaningful change in character compared to what we’ve seen over the past few months. This pump is coming after extended compression and seller exhaustion, which is typically where sharper relief moves can originate. The reclaim of the recent range highs suggests buyers are stepping in with more conviction, not just short covering. That said, this is still early. One green candle doesn’t flip the higher timeframe trend by itself, but it does shift the short-term bias from purely defensive to cautiously constructive. If price can hold above this breakout area and avoid immediately retracing the move, it increases the odds that this is more than just a dead cat bounce. Overall, WIF is looking better than it has in a while. I’m watching closely to see if this strength can build into follow-through and higher lows rather than fading back into the prior range.