bullish

Strong

Optimism

<ul class="wp-block-list">
  
 <li>WIFI nears a breakout from its descending channel, with bullish momentum fueled by the real-world utility of WiFi mapping rewards.</li>   
 <li>Analysts highlight WIFI’s critical resistance at $0.0491; breaking this level could drive a recovery toward $0.0650.</li>   
 <li>WiFiMap’s global adoption boosts WIFI’s appeal, linking its success to DePIN, metaverse growth, and strong community backing.</li> 
</ul>   
<p>The cryptocurrency WIFI, backed by WiFiMap, signals a potential breakout from its persistent descending channel. Crypto analyst <a href="https://x.com/CryptoBoss1984/status/1862089052998226059" target="_blank" rel="noreferrer noopener">CryptoBoss</a> highlights bullish momentum fueled by the project’s utility in mapping WiFi hotspots and amenities. With prices consolidating near $0.0245, traders eye resistance at $0.0491. A successful <a href="https://cryptonewsland.com/xrp-shows-hidden-bullish-divergences-as-analysts-eye-potential-450-price-surge/" target="_blank" rel="noreferrer noopener">breakout could lead to a recovery</a> of $0.0650.</p>   
<h2 class="wp-block-heading" id="h-consolidation-sparks-breakout-hopes">Consolidation Sparks Breakout Hopes</h2>   
<p>Since May, <a href="https://coinmarketcap.com/currencies/wifi-map/" target="_blank" rel="noreferrer noopener">WIFI's price</a> has remained in a descending channel, with lower highs and lower lows reflecting consistent bearish pressure. However, the last month shows consolidation within the channel's lower half. Notably, price volatility increases near the $0.0245 mark, suggesting imminent resistance testing at $0.0491. </p>   
<p>Besides, the current price action showcases buying interest. Smaller candles at the lower boundary emphasize stronger support, hinting at a potential bullish shift. Analysts see these moves as critical signs of market participants anticipating a breakout.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdGeLkybCgb3lRBBWZvMIZbwxiyr6YEQ3LsX0fL8MNFRvkLr_eZffUkpsaX0p_22XCcLUQtXvBCJdFw6A_-jM_AcMz_8Bq_Hlg_jNrrQ9LbV-NReoUC1QrJKp5Nt2BFqFfZjxPS?key=O64fyXPwg8Vt4W6S71IOGkpQ" alt="">
</figure>   
<p class="has-text-align-center"><strong><em>Source: </em></strong><a href="https://x.com/CryptoBoss1984/status/1862089052998226059" target="_blank" rel="noreferrer noopener"><em>CryptoBoss</em></a></p>   
<h2 class="wp-block-heading" id="h-strong-fundamentals-drive-long-term-optimism">Strong Fundamentals Drive Long-Term Optimism</h2>   
<p>WiFiMap's WIFI token integrates real-world utility by rewarding users for expanding WiFi networks globally. This utility enhances the project’s appeal. Moreover, the team’s clear vision, strategic marketing, and <a href="https://cryptonewsland.com/inleo-and-dash-partner-for-seamless-social-media-cryptocurrency-earnings/" target="_blank" rel="noreferrer noopener">massive global user base</a> solidify its growth trajectory.</p>   
<p>Additionally, the network’s fast adoption within the DePIN and metaverse sectors positions it for greater mainstream recognition. Increased transaction volume and a loyal community underscore long-term commitment to global connectivity, as highlighted by CryptoBoss.</p>   
<h2 class="wp-block-heading" id="h-breakout-or-continued-downtrend">Breakout or Continued Downtrend?</h2>   
<p>The descending channel's structure suggests a critical point for WIFI. If resistance at $0.0491 breaks, an upward trajectory towards $0.0650 appears feasible. This move could signify the end of the prolonged bearish phase, marking a recovery phase. However, failure to surpass resistance may extend price consolidation within the channel, maintaining downward pressure. Hence, volume data will be crucial in confirming a decisive breakout or a continued downtrend.</p>    
<p>The post <a href="https://cryptonewsland.com/wifi-eyes-bullish-reversal-analyst-predicts/">WIFI Eyes Bullish Reversal, Analyst Predicts Breakout from Descending Channel</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

WIFI Eyes Bullish Reversal, Analyst Predicts Breakout from Descending Channel

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