Current Status
đ„đ„đ„is currently trading around $0.14.
It has a market cap of several billion dollars, a large supply and user trading volume.
Various technical indicators are showing âmixedâ guidance â some moving averages are saying strong buy, but the oscillators are more or less âneutralâ.
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đ Analysis: Prospects and Risks
Prospects
WLFI has shown potential to move towards $0.16-$0.18 (~+10-30%) in the recent past if it can safely hold onto a support level.
If it can break the $0.158+ resistance, then a rally to $0.18 or higher is likely to be the next step.
There is a large backing and media hype behind the project, which should give good vibes.
Risks
There is also a possibility of a drop to $0.13-$0.12 in the near future, if the support level is broken.
There is quite high volatility from a technical perspective. Even if there is big hype, if there is no real adoption or utility, the heater or drop can be rapid.
There are also fundamental risks â such as how the actual operation of the project will be, how the regulation will be, it is not yet clear.
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đŻ âWhen will the market go up?â â a possible timeline
If WLFI can hold the $0.136â0.140 support and the volume increases, then it can go to the $0.16â$0.17 range in the next 1â2 weeks. (This is when the market is showing a slight recovery)
If better momentum builds and major resistance is broken, then there may be a chance of $0.18â$0.20 or even higher in the next 1â3 months.
However, such hopes for a âsuper rallyâ â $1 or more â are currently very high-risk and could take a long time.
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â ïž What should you do?
Monitor support levels â be wary if they fall below $0.13â$0.14.
Breaks of resistance (e.g. $0.158â$0.160) can provide bullish momentum.
Be aware of high volatility â consider using stop-losses. #WLFI #PROFÄ°T