WIF has dipped by 1% after hitting resistance at $1.212, fueled by increased trading enthusiasm. The funding rate indicates strong buying interest, with technical indicators suggesting a potential bullish move towards the $1.679 resistance.
The surge in WIF’s Open Interest reflects heightened optimism in the market. A crossover of the 50-day EMA above the 100-day EMA could signal a buying opportunity for traders, potentially leading to significant gains.
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