WIF price a sharp rebound from $0.31 as bullish volume returns, reclaiming key structure. A sustained hold above the point of control could open the path toward $0.48.
Summary
- WIF sees a sharp recovery after defending the $0.31 support level.
- Point of control reclaimed, indicating renewed market strength beneath price.
- Holding current structure could pave the way for a move toward $0.48.
WIF (WIF) price is showing one of its most notable technical recoveries in recent weeks after rebounding aggressively from the $0.31 region. This bounce, backed by clear increases in bullish volume, has shifted short-term sentiment and positioned the meme token for a potential move into higher resistance levels. With price now reclaiming and retesting the point of control (POC), market structure is beginning to show early signs of momentum returning to the upside.
WIF price key technical points
- $0.31 forms a decisive reversal base, triggering a strong bullish reaction.
- Point of Control reclaimed and backtested, confirming structural strength.
- Next major resistance at $0.48 is the crucial level required to shift trend direction.
WIF’s recovery began at the high-time-frame support around $0.31, where buyers stepped in aggressively following an extended corrective move. This area has served as a prior reaction zone, and the latest bounce confirms that demand remains at this level. The rally from $0.31 also reclaimed the point of control, the region with the highest volume concentration within the current trading range.
The reclaim and immediate backtest of the POC, respected almost perfectly to the dollar, indicate that buyers are not only present but defending the structure. This is a strong early signal that the bounce has technical validity rather than forming as a random impulse.
The upside reaction was supported by visible increases in bullish volume, contrasting sharply with the declining volume profile during the preceding downtrend. This shift in volume behavior often marks a momentum transition, suggesting that sellers are losing dominance while buyers accumulate positions.
With many asking whether the broader memecoin downturn is only just beginning, some traders are now watching assets like WIF more closely for signs of relative strength. However, continuation requires consistency. The current volume profile must maintain or increase if WIF is to push into the next high-time-frame resistance. Without sustained volume, the move risks fading into another lower-high structure.
From a structural perspective, the most important factor is whether WIF can maintain control as support in the coming days and weeks. A successful hold would validate the bullish reclaim and create a foundation for price to move toward the $0.48 resistance.
If the POC fails, the bullish thesis weakens, and price may re-enter the lower value area, reintroducing the risk of a retest of $0.31.
The next major objective is the $0.48 high-timeframe resistance level, a critical level that previously served as a rejection point. Breaking above $0.48 with conviction would signify a full shift in trend structure and open the door for further continuation toward higher value regions.
Reaching this level would also confirm that the POC reclaim was not a deviation, but part of a broader re-accumulation pattern building beneath resistance.
What to expect in the coming price action
If WIF maintains its hold above the point of control and bullish volume continues to rise, the probability of an expansion toward $0.48 increases significantly.
Confirmation requires a clean break and multiple closes above the next resistance. Losing the POC, however, would expose the token to another corrective move back toward the $0.31 support.
