WIF and WLD Prices Rise More Than 40%
2024-07-22Bittime - WIF and WLD prices are up more than 40% in the last week, with WIF showing better prospects after breaking through a key resistance level.
Meanwhile, WLD is facing rejection at trendline resistance, with a possible rise to $4.40 or a fall to $2.20 depending on the next price move.
WIF and WLD Prices Rise More Than 40%
WLD was the second biggest crypto market gainer last week. However, despite significant improvements, WIF has worse prospects. Even though the previous week WIF and WLD prices rose more than 40%
The main reason is that the WLD price has been rejected four times. The red icon indicates because it has not broken the 131-day descending resistance trend line. Additionally, MACD remains below 0, not indicating a bullish trend even though the RSI has crossed the 50 mark.
What is the WLD Price Prediction?
WLD price is out of the trend line or will not determine the future trend. A successful breakout could result in a rise to the next resistance at $4.40. Conversely, continued rejection will result in a retest of the horizontal support area at $2.20.
WIF and WLD Become the Biggest Crypto Market Winners
In the last seven days, WIF and WLD have been the biggest crypto market gainers. This is especially true for WLD price which has not yet broken out of its major resistance area. On the other hand, WIF has a more positive outlook as it has managed to overcome its main resistance level.
Conclusion
WIF and WLD prices surged more than 40% in the last week, making them among the winners of the crypto market. However, WLD is more uncertain about the future.
For 131 days, WLD has faced rejection at the descending resistance trendline. MACD remains below 0, which indicates trend uncertainty, and RSI shows bullish indications. Breaking the resistance trendline could take WLD price to the next level at $4.40, while failure to do so could result in a drop back to the support area at $2.20.
Having managed to cross its major resistance level, WIF, on the other hand, shows better prospects. This positions WIF as one of the biggest crypto market gainers this week with more stable momentum than WLD.
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