Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
WIF has shown interesting divergence phenomena across multiple timeframes. The 1-hour RSI has already surged to 75, indicating overbought conditions, but on the 4-hour chart, the RSI has soared to 85 in an extreme overbought zone. This kind of discrepancy usually suggests that short-term momentum is gradually weakening. Looking at the 15-minute RSI, it remains in a neutral position, indicating that investors at different levels are still engaged in a tug-of-war.
From a volume perspective, the situation warrants more caution—trading volume has shrunk by 61.9% compared to earlier periods, and the 1-hour MACD histogram is also clearly decreasing, showing a lack of strong upward momentum. This divergence between price and volume often signals market fatigue.
The key price levels are quite clear: 0.400 is the current resistance zone, with resistance points at 0.410 and 0.425 above; support levels are at 0.385 and 0.365 below. The market is now at a crossroads, and either direction is possible.
In terms of trading strategy, if the price breaks above 0.410, consider entering a long position with a small size, targeting 0.425, but set a stop-loss at 0.398 to protect yourself. Conversely, if the price falls below 0.385, it’s time to switch to a short position, targeting 0.365, with a stop-loss at 0.395. However, at this point, the smartest move might be to wait—until the 0.385 level is broken before taking action.
After all, a combination of exhausted volume and high-level divergence signals that it’s better to miss out on a rally than to chase high here. Staying on the sidelines before a breakout is the best choice.