WIF Rejection at Resistance — Deeper Correction Toward $1.87 Pos
WIFCOIN (WIF) has rejected from a major resistance confluence, posting a swing failure pattern at the value area high. The rejection has pushed price below the point of control (POC) — a high-volume node that previously acted as support but is now flipped into resistance.
This region also included the 0.618 Fibonacci retracement and a weekly SR level, forming a strong cluster of resistance now capping upside potential in the short term.
As long as price remains below this confluence, WIF may be in the early stages of a pullback toward $1.87, a prior swing low and a logical liquidity zone. This would be a healthy corrective move within the context of a larger uptrend and could help form a higher low.
Further downside could lead to a test of the $1.67–$1.50 region, where value area low support and an untested order block converge — ideal conditions for a potential bullish reaction.
Until WIF reclaims the POC and breaks back above $2.15, short-term momentum remains in favor of sellers.
Key Levels to Watch:
Resistance: $2.15 (POC + 0.618 + Weekly SR)
Support: $1.87 / $1.67–$1.50
Bias: Bearish short-term, bullish macro (if higher low forms)
This region also included the 0.618 Fibonacci retracement and a weekly SR level, forming a strong cluster of resistance now capping upside potential in the short term.
As long as price remains below this confluence, WIF may be in the early stages of a pullback toward $1.87, a prior swing low and a logical liquidity zone. This would be a healthy corrective move within the context of a larger uptrend and could help form a higher low.
Further downside could lead to a test of the $1.67–$1.50 region, where value area low support and an untested order block converge — ideal conditions for a potential bullish reaction.
Until WIF reclaims the POC and breaks back above $2.15, short-term momentum remains in favor of sellers.
Key Levels to Watch:
Resistance: $2.15 (POC + 0.618 + Weekly SR)
Support: $1.87 / $1.67–$1.50
Bias: Bearish short-term, bullish macro (if higher low forms)
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