WIF Technical Analysis February 4, 2026: RSI MACD Momentum

WIF, with RSI at 30.21 indicating the oversold region, continues bearish momentum with MACD's negative histogram. The price remaining below EMA20 confirms short-term weakness, but the slight increase in volume may signal a recovery.

Trend Status and Momentum Analysis

WIF's current trend is clearly under downward pressure. On the daily chart, while the price is trying to stabilize at the $0.25 level, the 24-hour change shows a limited loss of -0.39%, but the overall momentum retains its bearish character. An RSI value as low as 30.21 signals oversold conditions, but we know this alone is not sufficient for a trend reversal. The MACD indicator's negative histogram emphasizes that sellers are still dominant. The EMA ribbon structure also shows the price remaining below EMA20 ($0.30), confirming the weakness of short-term trend strength. The Supertrend indicator gives a bearish signal, with the resistance level positioned at $0.33. Volume was at a moderate level of 180.77 million dollars; this indicates no sudden dump but that buyers have not yet entered. In multi-timeframe (MTF) confluence, 13 strong levels were identified: 2 supports/3 resistances on 1D, 2 supports/0 resistances on 3D, and 3 supports/3 resistances on 1W. This distribution implies that downside potential weighs more heavily, but nearby supports ($0.2250 and $0.2481) could be tested.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 30.21 and has entered the classic oversold region (below 30). Recently, while the price has made new lows ($0.24), a slight bullish divergence trace is visible in RSI: Although the price's recent lows are lower, RSI has lifted its lows from around 28 to 30. This could be an early sign of a hidden bullish divergence and suggest that momentum is starting to exhaust. However, for the divergence to be confirmed, RSI needs to rise above the 40 level and the price needs to bounce from support. There is no regular bearish divergence on the daily chart; price and RSI are trending down together. The weekly RSI is stabilizing around 35, indicating that the overall trend is weakening but sell pressure continues. Divergence formation could herald momentum exhaustion and is a key element for traders to watch carefully.

Overbought/Oversold Regions

The oversold region (RSI < 30) offers a potential bounce point for WIF. Historically, WIF has recovered after 20-30% pullbacks at similar levels. The current 30.21 value is a threshold where buyers could enter, but without volume confirmation, this signal remains weak. RSI's move toward the 50 line will signal the first positive change in momentum. If oversold conditions persist, the 20 level becomes a critical warning and could lead to bearish targets ($0.0809).

MACD Signals and Histogram Dynamics

MACD is in a bearish position; the signal line is below the MACD line, and the histogram is expanding in negative values. In the last 24 hours, histogram bars have deepened further, showing increasing seller momentum. The crossover has occurred bearishly and remains below the zero line. The histogram's expansion confirms the downward trend strength, but there is a slight contraction trace in the latest bars – this may indicate that momentum could slow. On the daily MACD, divergence search: If the histogram depth decreases while price makes lows, a bullish signal could form. Currently, the histogram is around -0.015 and far from the zero line; this sustains sell pressure dominance. Traders should watch for the histogram approaching the zero line or a signal line crossover. The weekly MACD is also negative, reinforcing the overall bearish picture.

EMA Systems and Trend Strength

Short-Term EMAs

The price is trading below EMA20 ($0.30); this clarifies that short-term momentum is bearish. There is no squeeze between EMA10 and EMA20; the ribbon is opening downward. The price approaching EMA20 (currently 0.05 dollars away) is a potential test point. Short-term trend strength is weak; the EMAs' slope is downward, and the price reacts to them as resistance.

Medium/Long-Term EMA Supports

EMA50 is around $0.35 and EMA200 in the $0.40s forming resistance. The medium-term ribbon shows a bearish squeeze, implying reduced trend strength. Dropping below the long-term EMA200 confirms the main downtrend. Support near EMA21 at $0.2481; if it holds here, positive deviation in the ribbon could begin. EMA dynamics carry bearish weight in momentum confluence.

Bitcoin Correlation

BTC at $76,372 level with -3.18% drop in downtrend; Supertrend bearish. As a highly correlated altcoin with BTC, WIF is directly affected by BTC's movements. BTC testing $75,724 support or breaking down could push WIF to $0.2250 support. If BTC resistances ($77,864) are overcome, WIF gets a chance to breathe, targeting a bounce to $0.2647. Caution in altcoins as BTC dominance rises; WIF's drop in BTC pair (WIF/BTC) is being monitored. Key BTC levels: Support $75,724 / Resistance $77,864 – this will determine WIF momentum.

Momentum Outcome and Expectations

Momentum confluence is bearish, but there are weakening signals with RSI oversold and MACD histogram contraction. Trend strength is down, but support confluences ($0.2250 score 80/100) may offer recovery opportunities. Volume increase is expected; current 180M level is neutral. Bullish target $0.3987 (46 score), bearish $0.0809 (22 score). Nearby resistance $0.2647 should be tested. Check detailed data in WIF Spot Analysis and WIF Futures Analysis. Overall outlook: Cautious optimism, wait for divergence confirmation. (Word count: 1024)