WIF has recently formed an interesting technical pattern—the double bottom structure is gradually confirming. After encountering multiple sell-offs around 0.27, buying momentum begins to accumulate. The subsequent breakout was quite aggressive, with the key resistance level at 0.39 being strongly broken through by high trading volume, with a very clear momentum.
From the chart, this breakout was accompanied by a significant increase in trading volume, which usually indicates rising market participation. If the price can hold above 0.39, the probability of further upward movement increases. Many are discussing whether this signals the start of a larger trend, but the key is whether the volume can continue to expand effectively to sustain the breakout.
Of course, traders know that technical analysis can provide guidance, but markets are ever-changing. Whether this strong breakout can be sustained still needs to be confirmed by the next few candlesticks. The double bottom pattern itself does have some reversal expectations, but only if the volume continues to support it. What do you think about this trend?
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Frontrunner
· 01-11 03:37
The double bottom breakdown looks good, but whether the volume can keep up is a concern. It still depends on the subsequent performance.
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BearWhisperGod
· 01-10 22:13
The double bottom is such a classic pattern that it can really fool people, but what I fear most is the kind of move where it breaks below 0.39 and then quickly recovers.
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governance_ghost
· 01-10 08:21
0.39 feels a bit fragile, increasing volume is just superficial; the real test is whether it can hold steady afterward.
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NeverPresent
· 01-08 07:16
The double bottom has been confirmed, but I am still cautious. The 0.39 resistance level can break easily if it breaks, but the key is whether the trading volume supports it or not.
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BlockchainArchaeologist
· 01-08 04:55
Run when it hits 0.39, don't be greedy
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RugpullTherapist
· 01-08 04:54
The double bottom is indeed tempting, but I've seen too many false breakouts. If we can't hold at 0.39, we'll be the bag holders.
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AirdropHarvester
· 01-08 04:52
It's another double bottom with increased volume. I've heard this many times... I said the same thing last time, and it just dropped straight down haha
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GateUser-74b10196
· 01-08 04:43
Can't be too optimistic. If 0.39 breaks, we need to see if it can hold steady afterward. Whether the trading volume continues is the key.
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AirdropFreedom
· 01-08 04:40
0.39 Breakout and the whole network turns bullish. The key now is whether it can hold this time.
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GateUser-c799715c
· 01-08 04:30
The double bottom is indeed a classic pattern, but honestly, it's only real if 0.39 can hold... Right now, the volume seems to be holding up pretty well, but I'm just worried it might be a false breakout.
WIF has recently formed an interesting technical pattern—the double bottom structure is gradually confirming. After encountering multiple sell-offs around 0.27, buying momentum begins to accumulate. The subsequent breakout was quite aggressive, with the key resistance level at 0.39 being strongly broken through by high trading volume, with a very clear momentum.
From the chart, this breakout was accompanied by a significant increase in trading volume, which usually indicates rising market participation. If the price can hold above 0.39, the probability of further upward movement increases. Many are discussing whether this signals the start of a larger trend, but the key is whether the volume can continue to expand effectively to sustain the breakout.
Of course, traders know that technical analysis can provide guidance, but markets are ever-changing. Whether this strong breakout can be sustained still needs to be confirmed by the next few candlesticks. The double bottom pattern itself does have some reversal expectations, but only if the volume continues to support it. What do you think about this trend?