bullish

Momentum

Resistance

<ul class="wp-block-list">
 <li>WIFUSD shows strong bullish signs as support at 2.8858 holds, with potential for a move toward 4.0000 resistance.</li>  
 <li>A breakout above 3.5000 indicates a market sentiment shift, while the 3.5000 level offers strong support for further gains.</li>  
 <li>After a pullback, WIFUSD is poised for potential continuation, with 5.0000 as the next major resistance target.</li> 
</ul>  
<p>Trader_XO, a cryptocurrency analyst, has shared insights on the WIFUSD chart, highlighting key price levels and recent market movements. The price currently stands at <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener noreferrer nofollow">$3.8453</a>, with significant fluctuations over the past weeks. This analysis explores crucial support and resistance levels, as well as potential market direction.</p>  
<h2 class="wp-block-heading" id="h-key-levels-to-monitor-support-and-resistance-zones">Key Levels to Monitor: Support and Resistance Zones</h2>  
<p>The chart reveals a well-defined support level of 2.8858. This level has been tested multiple times, showing its importance in the market structure. Below this support, the November Monthly Open (M/O) aligns with a demand zone. This zone suggests accumulation, with price potentially bouncing off this area if revisited.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Trader_XO/status/1865469910152823209
 </div>
</figure>  
<p>On the upside, the resistance at 3.5000 was broken earlier, signaling a shift in market sentiment. Following the breakout, the price retraced but formed a higher low, indicating buyers retained control. As the price heads toward the next resistance at 4.0000, traders should watch for potential pullbacks and price reactions.</p>  
<h2 class="wp-block-heading" id="h-market-recovery-and-potential-for-continuation">Market Recovery and Potential for Continuation</h2>  
<p>WIFUSD is exhibiting indications of recovery following a downward trend. Bullish momentum is indicated by the <a href="https://cryptonewsland.com/trust-wallet-token-twt-eyes-breakout-with-1-82-and-2-73-targets-ahead/" target="_blank" rel="noopener noreferrer nofollow">creation of higher highs and higher lows</a>. A possible trend reversal was indicated by the price's robust recovery from the historical support level of 2.0000.&nbsp;</p>  
<p>A spike above the 4.0000 resistance level briefly triggered a bullish breakout, but the price reversed sharply, suggesting liquidity hunting. Consequently, the price retraced to the 3.5000 level, which has proven to be a pivotal area. This zone now acts as a strong base for further bullish movement, and traders should keep an eye on this level.</p>  
<h2 class="wp-block-heading" id="h-bullish-momentum-remains-intact">Bullish Momentum Remains Intact</h2>  
<p>WIFUSD is trading within a range but shows visible recovery phases. The 3.5000 support zone plays a crucial role in market direction. A break above the 4.0000 level could signal a move toward the 5.0000 resistance.&nbsp;</p>  
<p>As the broader trend remains bullish, traders should <a href="https://cryptonewsland.com/doges-road-to-0-82-key-metrics-highlight-the-bullish-momentum/" target="_blank" rel="noopener noreferrer nofollow">monitor the key levels closely for potential continuation</a>. The support and resistance zones will determine the future trajectory of WIFUSD, and further consolidation near these areas could lead to another breakout.</p> 
<p>The post <a href="https://cryptonewsland.com/wifusd-bulls-eyeing-4-0000-resistance-as-key-levels-signal-potential-breakout/" rel="noopener noreferrer nofollow">WIFUSD Bulls Eyeing 4.0000 Resistance as Key Levels Signal Potential Breakout</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

WIFUSD Bulls Eyeing 4.0000 Resistance as Key Levels Signal Potential Breakout

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