The post WIF price prediction – Stuck near $1-resistance, is a 20% correction ahead? appeared on BitcoinEthereumNews.com.

WIF bulls have held the $0.81 demand zone well, but failed to spark a rally Clues from the liquidation heatmap indicated a potential reversal from the $1-region dogwifhat [WIF] retested its former range high as support earlier in June. The most recent retest yielded a positive price reaction for the memecoin. And yet, despite the 26% move higher in two days, WIF bulls still face resistance at the previous week’s high. WIF heading for a bearish reversal soon? Source: WIF/USDT on TradingView The 1-day chart signaled a bearish structure for dogwifhat. After testing the $1.18 resistance in mid-May, WIF set a higher low at $0.93 four days later, before bouncing higher to test $1.18 once again. The second attempt was met with failure, and the rejection forced the price below the $0.93-mark. This shifted the structure bearishly on 31 March. A few hours before the time of writing, WIF attempted to rally beyond $1, but could not succeed. The CMF on the daily chart was at -0.17, signaling heavy capital outflows. The MACD was near the zero line and on the verge of forming a bearish crossover. Source: WIF/USDT on TradingView The 4-hour chart revealed a CMF at +0.06, following the price bounce from the local low at $0.8. The brief move beyond $1.04 suggested a structure shift, but it was more likely to be followed by a reversal. We had a brief dogwifhat price peek above the $1.04-level, followed by a bearish engulfing candle on the H4 chart – A sign of a bearish reversal. The CMF’s drop below +0.05 would be a clue that buying pressure has waned. The bearish crossover on the MACD could also confirm the momentum shift. As things stand, a sustained WIF rally might need Bitcoin [BTC] to jump higher. Until then, traders can…

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Filed under: News - @ June 11, 2025 7:27 am