WIF dropped 11% within a day, facing hurdles to reach the $1 mark. Whale investments reached $4 million, indicating confidence despite market challenges. Retail trading remains low, as activity typically occurs only above $2, contributing to uncertainties about a potential rebound.
To reclaim $1, WIF must clear resistance at $0.97, where significant short positions exist. Analysts suggest that overcoming these hurdles could ignite a short squeeze, promoting upward momentum toward $2.
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