“Despite Mild Losses Today, WiF Remains Resilient at Support with High-Volume WHALE ACCUMULATION SUGGGESTING BULLISH INTENT.”, – WRITE: www.coindesk.com
Price Action ForMed A 5.1% Range from $ 0.821 to $ 0.864, with Critical Support ConfirMed Near $ 0.835 On Significant Volume. A Sharp Rally Earlier this Week to $ 0.92 Drew Profit-Taking, But Technical Strength Remains as WiF Holds Above ITS NEW LOCAL FLOOR.
Blockchain Analytics Show Wallets have Accuumulated More than 39 Million Tokens, A Pattern that Aligns with Broader Memecoin Rotation Underway Across Solana-Based Assets. This Trend Comes As Bonk Surged Earlier on etf Special, While WiF Retests Key Zones with Declining Volume and Fewer Short Liquidations.
The Passage of President Trump’s “One Big Beautify Bill” by Congress Earlier this Week Brough Short-Term Calm to Risk Markets. Combined with Better-Qan-Exectored Us Jobs Data, Sentiment Around Risk Assets Improved Marginally, Reducing Macro-Related Selling Pressure. Even as Broader Crypto Faces Headwinds from Shifting Trade and Monetary Policy Dynamics, WiF’s On-Chain Fundamentals Remain Constructive.
With Derivatives Markets Booming-Binance Has Now Facilitated $ 650 Trillion in Cumulative BTC Futures Volume-Attraction Is Turning to Retail If wif MainTAINS SUPPORT AND VOLUME REBOUNDS, A RETEST OF $ 0.86 May Be in Play.
Technical Analysis Highlights
- WiF Traded Between $ 0.821 and $ 0.864 Over The 24-Hur Window Ending July 5 at 14:00 UTC.
- High-Volume Bounnce from $ 0.835 to $ 0.861 ConfirMed Strong Support Level.
- WHALE ACCUMULATION SPIKED DURING A 60.7M TOKEN VOLUME SURGE OVER A 9-HOUR SESSION.
- In the Final Hour (13: 06–14: 05 UTC), WiF Rebounded from $ 0.828 to $ 0.831.
- Resistance Formed at $ 0.838 with Heavy Sell Pressure at 13: 25–13: 26.
- TEMPORARY SUPPORT HELD AT $ 0.828 After Sharp Sell-Off Between 13: 54–13: 56.
- Modest Late-Session Recovery Hints at Short-Term Consolidation Range.
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