Momentum in WIF is predominantly bearish; the negative MACD histogram and price remaining below EMA20 confirm short-term selling pressure. Although RSI is in the neutral zone, signals indicating trend weakness dominate.
Trend Status and Momentum Analysis
As of January 19, 2026, WIF is trading at $0.35 and has seen a 5.36% drop in the last 24 hours, with the daily range limited to $0.31-$0.38. Volume came in at $223.21 million, pointing to a distribution pattern supporting the decline. The overall trend direction is downward, and momentum indicators confirm this weakness. Price is positioned below EMA20 ($0.37), reinforcing the short-term bearish bias. The Supertrend indicator is also signaling bearish, with $0.44 resistance standing as a strong barrier. Multi-timeframe (MTF) analysis identified 13 strong levels: 3 supports/3 resistances on 1D, 1 each on 3D, and 3 supports/2 resistances confluence on 1W. This confluence suggests downward momentum pressure may continue, though RSI’s neutral zone keeps short-term consolidation on the table.
RSI Indicator: Buy or Sell?
RSI Divergence Analysis
RSI (14) is currently at 46.04 and positioned in the neutral zone. While this level signals neither overbought nor oversold conditions, it indicates a relative slowdown compared to the recent price decline. No regular bearish divergence is observed on the daily chart; as price makes new lows, RSI holds at similar levels, which may imply momentum is starting to exhaust. In the search for hidden divergence, there’s a slight bullish hidden divergence trace on the short-term 4-hour chart: Price makes new lows below EMA20 while RSI holds higher lows. However, this signal is not yet strong and lacks volume confirmation. Weekly RSI is hovering around 42, indicating the overall trend retains its bearish character. For divergence formation, RSI needs to drop below 30 while price holds at supports; the current 46 level says selling momentum is slowing but not reversing.
Overbought/Oversold Zones
RSI at 46 is in the lower half of the 30-70 neutral band and not approaching the oversold (below 30) zone. This shows WIF is searching for a bottom but panic selling hasn’t ended. Daily RSI settling below 50 confirms momentum remains dominated by selling. If RSI drops to 30, bounce potential increases, as past similar levels saw 20-30% recoveries. Currently no overbought conditions; if RSI approaches 70 on a move to resistances, selling pressure could intensify.
MACD Signals and Histogram Dynamics
MACD is generally bearish; the signal line is below the MACD line, and the histogram is expanding in negative territory. This negative histogram confirms strengthening selling momentum and ongoing bearish crossover. We observe the histogram bars have partially narrowed recently, which could be an early warning of momentum peaking and slowing. On the daily chart, MACD (12,26,9) is at -0.012 with the signal line around -0.008; the gap sustains selling pressure. On the 4-hour, negative histogram bars are lengthening, showing short-term downside supported by volume. For a nearby bullish crossover, the histogram needs to approach zero and turn positive, but current dynamics favor bears. When confirmed by volume, MACD histogram expansion increases the odds of testing $0.33 support.
EMA Systems and Trend Strength
Short-Term EMAs
Price is trading below EMA20 ($0.37), indicating a clear short-term bearish trend. There’s congestion between EMA10 and EMA20, with ribbon narrowing signaling momentum loss. Volume increase is required for price to break above EMA20; current positioning says bears are in control. Short-term ribbon dynamics indicate weak trend strength and a need for an EMA20 test for a potential bounce.
Medium/Long-Term EMA Supports
EMA50 at $0.39 and EMA200 at $0.42 form resistances. The ribbon structure is downward sloping, keeping long-term trend strength bearish. Medium-term EMAs (50-100) cluster around $0.34 as support; a hold there could trigger ribbon flattening. However, a volume-less upside move will draw selling from EMAs as resistance. EMA ribbon width is narrowing in trend strength measurement, signaling preparation for a momentum shift.
Bitcoin Correlation
Bitcoin is at $93,167 with a 2.26% drop but still in general uptrend, though Supertrend signals bearish. Altcoins like WIF are highly correlated to BTC (~0.85); if BTC breaks $92,933 support, selling pressure in altcoins intensifies. BTC resistances at $93,866-$95,535; rejection from here could lead WIF to test $0.33 support. If BTC dominance rises (current bearish Supertrend warning), WIF momentum weakens further. Conversely, BTC breaking $95,535 could enable a WIF rally to $0.40 resistance, but current BTC caution is a red flag for altcoins.
Momentum Outcome and Expectations
WIF momentum analysis shows bearish dominance: RSI at 46 neutral but divergence weak, MACD negative histogram expanding, price below EMAs, and volume confirming downside. Key supports at $0.3376 (high score), $0.3018, and $0.2610; a hold there could drive RSI to 30 and create bullish divergence. Resistances at $0.3978 (strong) and $0.4401. Bull target $0.6190 low probability, bear target $0.1128 aligns with current momentum. Volume distribution supports selling, MTF confluence strengthens downside. Short-term consolidation expected, but BTC weakness could trigger. Momentum confluence favors selling; prepare for support tests. For detailed spot analysis, check WIF Spot Analysis; for futures, WIF Futures Analysis.
This analysis uses the market views and methodology of Chief Analyst Devrim Cacal.
Source: https://en.coinotag.com/analysis/wif-what-do-momentum-indicators-say-january-19-2026-analysis
