WIF Price Shows Strong Rebound With Increased Bullish Volume, Setting Path to $0.48

WIF's price has bounced back sharply from $0.31 as bullish volume makes a comeback, reclaiming an important market structure. If it holds steadily above the point of control, it could pave the way toward the $0.48 resistance level.

Key Takeaways

WIF price has significantly rebounded from $0.31, showing bullish momentum.
The recovery is supported by increased buying volume, suggesting renewed strength.
Maintaining above the point of control is crucial for a potential rise to $0.48.
A failure to hold this level could lead to a decline back to $0.31.
Traders are closely watching WIF for signs of strength as the memecoin market fluctuates.

WIF price rising with backed volume, hinting a further rally.

WIF Price Technical Analysis

WIF price rebounds sharply with rising bull volume, path to $0.48 opens - 1
WIFUSDT (12)H Chart, Source: TradingView

WIF’s recovery took off from a significant support level around $0.31, where buyers jumped in actively after an extended downward trend. This area has previously acted as a reaction zone, and the latest price bounce reaffirms that demand remains strong at this level. The rally from $0.31 has also reclaimed the point of control, which is the price range with the highest trading volume currently.

The reclaiming and subsequent testing of the point of control, which aligned almost precisely to the dollar, signals that buyers are not just present but actively defending this price level. This presents a promising indication that the bounce is technically valid, rather than a mere coincidence.

The recent upbeat reaction was further bolstered by noticeable increases in bullish volume, which sharply contrasts with the declining volume seen during the earlier downtrend. This shift in volume behavior typically signals a transition in momentum, hinting that sellers may be losing their grip while buyers are building positions.

As many traders speculate whether the broader memecoin downturn is just beginning, WIF has become a focal point for those looking for signs of relative strength. However, for this momentum to continue, the current volume profile must either stabilize or grow. Without sustained buying volume, the price may simply revert to forming lower highs.

From a structural perspective, a key factor is whether WIF can maintain support in the upcoming days and weeks. Successfully holding this level would validate the bullish reclaim and create a solid foundation for price movement towards the $0.48 resistance.

If the point of control fails, the bullish outlook weakens, and the price could fall back into the lower value area, raising the risk of retesting $0.31. The primary target remains the $0.48 high-time-frame resistance level, which previously acted as a rejection point. A breakthrough above this level, backed by strong conviction, would indicate a complete trend structure shift and could open the way for further gains into higher value regions.

Achieving this target would also confirm that the reclaiming of the point of control was not just a temporary move, but part of an overall re-accumulation pattern forming beneath resistance.

Future Price Actions

If WIF can maintain its position above the point of control, and bullish volumes continue to rise, the likelihood of a price expansion towards $0.48 significantly increases. A clean break above this resistance, with multiple closing figures above it, will be critical for confirmation. Conversely, a drop below the point of control could expose the token to another downward movement back toward the $0.31 support level.