WIF Technical Analysis Jan 23

WIF is currently consolidating at the $0.33 level, squeezed between nearby support $0.3254 and resistance $0.3369. Under downtrend pressure, trading below EMA20 ($0.36) with high liquidity hunt potential.

Current Price Position and Critical Levels

WIF is moving sideways with 0.00% change over the last 24 hours, but the overall trend continues as downtrend. Current price $0.33, showing narrow consolidation in the $0.33-$0.35 range over the last 24 hours. RSI at 43 gives a neutral-bearish signal, Supertrend is bearish and points to $0.43 resistance. With price remaining below EMA20 ($0.36), short-term bearish structure dominates. Multi-timeframe (MTF) analysis detected a total of 10 strong levels across 1D, 3D, and 1W timeframes: 3 supports/2 resistances on 1D, 1 support on 3D, 2 supports/2 resistances confluence on 1W. These levels are reinforced by order blocks, liquidity pools, and past rejection points. Volume at $117.32M is moderate, but spike potential at critical levels. In the broader structure, WIF is near the lower band of the downtrend channel, awaiting liquidity sweeps for breakout or breakdown.

Support Levels: Buyer Pools

Primary Support

$0.3254 (Score: 68/100) – This level stands out as the strongest buyer zone. Reasons: Recent order block (OB) formation here on 1D timeframe, point of strong rejection in October 2025 (tested three times, with volume spike and 15% bounce). High MTF confluence; overlaps with demand zone on 1W, swing low confluence on 3D. EMA50 (near $0.32) provides dynamic support. Historically, this level has formed a liquidity pool (under stop-loss clusters), ideal for smart money buyer entries. When price approaches here, watch for long wicks and volume increase – invalidation below $0.3220 close.

Secondary Support and Stop Levels

$0.2978 (Score: 66/100) – Secondary support, confluence with breaker block on 1D and Fibonacci 0.618 retracement. Tested twice in December 2025, providing 8-10% recovery each time. Near POC (Point of Control) in volume profile, buyers aggressive here. Channel lower band supports on 1W timeframe. $0.2610 (Score: 67/100) – Deep support, main demand zone on 3D and 1W. Major swing low (November 2025), reversal point after liquidity grab. If this level breaks ($0.2550 invalidation), it opens downside target to $0.1273 – R/R ratio 1:3+. Stop levels: 1-2% buffer below primordial support.

Resistance Levels: Seller Pools

Near-Term Resistances

$0.3369 (Score: 73/100) – Closest resistance, upper boundary of current consolidation. Supply order block on 1D, two rejections in the last three days (fakeout wicks). Dynamic confluence with EMA20 ($0.36), showing volume divergence (low-volume rallies rejected). Liquidity sweep above for short-term short opportunities. In case of breakout, $0.3420 target.

Main Resistance and Targets

$0.3673 (Score: 71/100) – Main resistance, breaker block on 1W timeframe and Fibonacci 0.382 extension. Near ATH from early January 2026, high-timeframe supply zone (smart money short entries). Historical tests saw 20+% dumps, aligned with Supertrend resistance at $0.43 as upper target. This must break for upside target $0.5149, but challenging in downtrend. Invalidation: Bullish flip on daily close above $0.37.

Liquidity Map and Big Players

Big players (smart money) targeting sell-side liquidity between $0.3369-$0.3673 – ideal for stop hunts. Below, $0.3254 buy-side pool (long stops), reversal potential after sweep. Imbalances in order flow around $0.30, FVG (fair value gap) awaiting fill. Volume analysis: Low volume consolidation signals accumulation, spike for directional move. Big players short-biased in downtrend, altcoin liquidity hunts likely with BTC dominance increase. Watch: Manipulations for equal highs/lows breaks.

Bitcoin Correlation

BTC in downtrend at $89,497, Supertrend bearish. WIF highly correlated with BTC (0.85%), if BTC loses $88,362 support, WIF pulled to $0.2978. If BTC resistances $89,608-$91,095 break, WIF could test $0.3673, but BTC dominance risky for alts in bearish setup. Main BTC levels: Support $88k-$86k, resistance $90k-$92k – monitor BTC MTF in WIF trades, detailed data in WIF Spot Analysis and WIF Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: Short to $0.3254 target on $0.3369 rejection (R/R 1:2), stop $0.3420. Long to $0.3673 on $0.3254 bounce (R/R 1:3), invalidation $0.3220. Downside scenario: $0.2610 break to $0.1273 target. Upside: $0.3673 breakout to $0.5149. Risk management: Position risk 1-2%, wait for MTF confluence. This analysis is not investment advice, market is volatile – do your own research.