WIF has recently experienced some interesting changes. On the 30-minute level, trading volume has surged by 60.5%, and such anomalies rarely occur without reason.

From a price perspective, WIF is currently around 0.3141 USDT, only 0.45% away from the key support level at 0.3116. This support zone between 0.3116 and 0.3152 is already quite close.

What does a sharp increase in trading volume usually indicate? A signal that the market is starting to move. This is a good time to pay more attention to the subsequent trend. If the price stabilizes above the support, the bulls may have a chance right in front of them.

From a trading perspective, around 0.3116 is a good entry order point. Once the price stabilizes and rebounds, the target can be set at the resistance level of 0.3204. The combination of such volume performance and the price being near the support level indeed gives us reasons to consider going long. Now, it all depends on how WIF moves next.