Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
WIF Rebounds as TD Sequential Signals Potential Trend Reversal

WIF Rebounds as TD Sequential Signals Potential Trend Reversal

CryptoFrontNewsCryptoFrontNews2025/02/14 16:00
By:Mutugi Benard

The TD Sequential indicator has flashed a buy signal on WIF’s 12-hour chart, indicating a possible price reversal. Stochastic RSI and MACD indicators show mixed signals, with momentum shifting but not yet confirming a full bullish trend. Traders are monitoring $1.00 and $1.50–$2.00 resistance levels while $0.58 remains a key support for potential downside risk.

  • The TD Sequential indicator has flashed a buy signal on WIF’s 12-hour chart, indicating a possible price reversal.
  • Stochastic RSI and MACD indicators show mixed signals, with momentum shifting but not yet confirming a full bullish trend.
  • Traders are monitoring $1.00 and $1.50–$2.00 resistance levels while $0.58 remains a key support for potential downside risk.

The cryptocurrency dogwifhat (WIF) is suggesting a price reversal, supported by technical indicators that signal a trend change. 

Technical Indicators Suggest a possible rebound.

Crypto analyst Ali_Charts tweeted that the TD Sequential indicator has signaled a buy signal in WIF’s 12-hour chart. The indicator is generally a price exhaustion signal in a trend downward that can result in a bounceback. WIF has shown a gain in the current session, suggesting that there is buying interest after the price hit a new low of $0.584.

#dogwifhat $WIF could soon rebound as the TD Sequential indicator presents a buy signal on the 12-hour chart! pic.twitter.com/4ux8K00Wam

— Ali (@ali_charts) February 13, 2025

The Stochastic RSI, a momentum indicator, also signaled a recent upside crossover after lingering in oversold areas. The blue line is at 39.26, while the orange line is at 21.71. Breaking above 50 in the Stochastic RSI would likely lead to more bullish momentum to be established. Failure to move up, however, would lead to more selling pressure.

Meanwhile, the MACD indicator is in a bear phase, with the MACD line (-0.236) remaining below the Signal line (-0.249). However, smaller histogram bars signal decreasing bear strength. A MACD to Signal line bullish crossover would be a more powerful indicator of a trend reversal.

WIF Rebounds as TD Sequential Signals Potential Trend Reversal image 0 Source: TradingView

Key Resistance and Support Levels to Watch

The price of WIF recently rebounded from a low of $0.584 before climbing higher. Market participants are now monitoring several key levels:

$1.00: A key resistance point where more selling pressure is likely to arise.

$1.50–$2.00: Previous key resistance points that can help to determine the strength of any potential bullish continuation.

$0.58: If it falls below this level, more losses towards $0.40–$0.50 would be likely.

Potential Scenarios of WIF’s Price Movement

A continued buying interest coupled with a move in the Stochastic RSI to overbought would send WIF to the resistance of $1.00. In a bullish MACD crossover, a more forceful breakout over $1.50–$2.00 would be anticipated by investors.

On the negative side, if WIF loses momentum and the Stochastic RSI also turns downward, selling pressures can again be felt. In case price breaks below $0.58, losses towards $0.40–$0.50 can be possible.

At the time of writing, WIF was trading at $0.6976 , a trading volume of $583,499,871 over a 24-hour period. This is up 18.88% over the last 24 hours and is down 7.16% over the week. 

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Surge in Stablecoin Minting: $USDT & $USDC on the Rise

Over $1.25B in $USDT & $USDC was minted in 11 hours, with Tron & Solana leading while Ethereum sees minimal activity.Tron & Solana Take the LeadEthereum’s Declining Role in Stablecoin Minting

Coinomedia2025/02/19 15:22

Bitcoin’s Five-Week Decline: A Bullish Reversal Ahead?

Bitcoin hasn’t seen five red weeks in a row since the bear market. Could the trend shift bullish next week?Bitcoin’s Five-Week Decline: A Sign of Reversal?Historical Trends and Market SentimentIs a Rebound Coming?

Coinomedia2025/02/19 15:22

Bitcoin’s Fibonacci Extension Points to $200K Target

Bitcoin’s Fibonacci extension signals a $200K target, with institutions heavily accumulating for the next major expansion phase.Bitcoin’s Price Is Mid-Channel, Not ToppingInstitutional Investors Are AccumulatingFibonacci’s Role in Bitcoin’s Cycles

Coinomedia2025/02/19 15:22