Recently, the performance of WIF prices has attracted attention. Despite short-term funds continuing to flow out a net of 780 million USDT for 5 days, the price remains sideways above 1.09 USD, which may suggest that large funds are quietly accumulating around 1.07 USD.

From a technical perspective, $1.0718 is an important value anchoring zone and also the area with the highest trading volume in the past two days. The trading volume in the range of $1.0596 to $1.0657 has been between 910 million to 950 million for three consecutive days, forming short-term support. Meanwhile, in the range of $1.0839 to $1.0900, which is 0.5% above the current price, the trading volume reached 320 million. If this area can break out with increased volume, it may trigger further upward movement.

It is worth noting that around 1.1448 USD is a low trading volume area. If it can break through here, due to the liquidity gap, the price may quickly rise to 1.27 USD. On the other hand, if the price falls below 1.02 USD, it may further drop to 0.9379 USD.

From the momentum indicators, although the bears have a slight advantage, the trading volume is decreasing, which may indicate that the main force is accumulating at low levels. The Bollinger Bands indicator shows that although the price is somewhat overbought in the short-term, there is still a 3.8% upside potential to the 200-day moving average.

For traders, it may be considered to enter the market during a pullback near 1.0718 USD, with a stop loss set at 1.059 USD and a target price of 1.114 USD. This trading strategy has a risk-reward ratio of about 2.3:1. However, it is important to note that if the 1-hour closing price falls below 1.059 USD or the proportion of rising trading volume drops below 40%, a stop loss should be executed immediately.

Overall, WIF is currently at a critical position. If it can break through the low trading volume area of 1.14 USD, it may trigger a new round of increases, with a potential increase of up to 20%. However, investors should also be wary of possible risks, closely monitor market changes, and set reasonable stop-losses.