Coinbase’s announcement of the full-trading launch of the WIF-PERP market has sparked excitement in the crypto community, with traders eagerly anticipating potential gains amidst a technical breakout in WIF prices.
This significant development offers investors a fresh opportunity to explore potential profits, with access to various order types including limit, market, stop, and stop limit orders. As the market transitions into post-only mode initially, traders have a strategic window to post and cancel limit orders without immediate matches for at least one minute.
The launch of the WIF-PERP market on Coinbase signifies a notable expansion in the platform’s offerings, enhancing trading accessibility for users of Coinbase International Exchange and Coinbase Advanced.
Amidst this development, trader Bluntz Capital has identified a compelling technical breakout pattern in WIF, generating excitement within the crypto community. This discovery has fueled a surge in investor interest, leading to a remarkable 51% rally in WIF prices in April alone. Bullish sentiment prevails among traders, who are now eyeing potential opportunities for further gains.
Technical analysis suggests the possibility of an additional 35% rally from current levels, with an entry point identified at $3.2 and a target price of $4.2. Recent price movements have seen a 25% surge in the past 24 hours, accompanied by a notable increase in trading volume, indicating growing trader confidence and participation in the market.
