$WLFI from Rocket 🚀 to Landing Parachute 🪂
📊 Technical Analysis of Currency #WLFI
Current Price: Moving within the range of $0.21 – $0.24 after a strong drop from a peak of approximately $0.40.
Key Support: At $0.20 (a strong psychological zone).
First Resistance: $0.28 – Any breakout above it may open the way to test $0.33.
Technical Indicators:
RSI below 40 → Indicates strong selling pressure, but close to oversold regions.
MACD negative → Suggests the continuation of downward momentum in the short term.
Trading volume remains high → The market is in a high speculation state.
📉 Negative Scenario: Breaking below $0.20 may open the way towards $0.15.
📈 Positive Scenario: Holding above $0.20 then breaking $0.28 may gradually restore confidence.