WIF Coin, a popular meme coin, is currently trading at $2.99, weathering the general market decline. Despite the downturn, interest in WIF Coin futures and open interest are on the rise, indicating a potential upward trend.

WIF Coin's outlook appears more promising compared to other altcoins, with open interest increasing by $85 million over the last three weeks. The positive funding rate and rising MACD indicator suggest a bullish investor sentiment, hinting at potential entry opportunities. The MACD, a momentum indicator, has successfully identified trend-following opportunities in the past.

Currently trading at $3.16, WIF Coin's price briefly dropped below $3 but is now struggling to reclaim the $3 mark. The main resistance level to overcome is at $3.18. If the expected breakout occurs, WIF Coin could experience a 21% increase, potentially leading to a stronger demand in futures. However, if the attempt to rise fails, WIF Coin could fall to $2.75 and $2.36.

The rising wedge formation, characterized by price trading between two upward-sloping parallel lines, has triggered significant rallies in the past. If WIF Coin can overcome the $3.18 level and surpass the key $3.5 level, a breakout could occur, leading to a more substantial increase. Despite the current market downturn, WIF Coin's resilience and indicators suggest a potential upward trend.