Can WIF smash through $2.5 soon? 35% weekly gain fuels optimism

has witnessed an impressive bullish rally. WIF surged by 7.09% in the last 24 hours to test a critical resistance level at $2.33. This bullish pressure comes after a 35% increase over the past seven days, exposing the $2.5 target to bulls radar.

WIF is now testing the $2.33 resistance area that previously acted as a support level. A break above this level will fuel the bullish rally to $2.5.The MACD indicators show increasing histogram bars, suggesting a building bullish momentum.This gives positive sentiment for a potential bull rally.According to Santiment data, there is a spike in whale activity. This surge in whale activity correlates with the price surge.AMBCrypto further analyzed Hyblock whale-to-retail ratio delta data.

Its trading volume has surged 19.09% to $421.2 million in the last 24 hours. This surge provides enough liquidity to support a further rally if momentum continues.The confluence of surging whale activity, a social volume surge, and maintained liquidity signals a bullish rally in the near future. The $2.5 target level can be hit if the current resistance is broken

However, potential pullbacks cannot be written off after such a strong rally. If the $2.33 zone stands, a potential consolidation phase may occur, leading to a further bullish run.Kelvin Murithi is a freelancer cryptocurrency price analyst working with AMBCrypto. He has significant experience in financial markets and digital assets. He also has a background in market analysis, investment strategies, and economic forecasting.Subscribe to get it daily in your inbox.

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