As of May 22, 2026, WGMI (Valkyrie Bitcoin Miners ETF) is in a uptrend state on the weekly chart, with a confidence level of 74%. Key support is at $49.0 and key resistance at $65.0. Weekly impulse resumed; price ($61.93) pushed back toward prior swing-high zone with RSI ~69 and all key MAs stacked below price (EMA50 ~$40.40 > EMA100 ~$33.30 > EMA200 ~$27.32).
Continuation higher: shallow pullback/consolidation above $49-$52, then breakout through $65 targeting a retest of the prior peak and fib extension area.
Deeper mean-reversion: rejection near $65 triggers a multi-week pullback into the EMA50/SMA50 confluence; trend remains intact if it holds and prints a HL, otherwise becomes a larger range.
Weekly close holding above $63.00 (then follow-through toward prior high zone)
Weekly close below $49.00 (loss of last breakout shelf / near EMA20)
Buy-the-dip zones are mapped to prior breakout shelf (~$49-52), then EMA50/SMA50 area (~$40-41) where a HL should form if uptrend structure holds.
Trim into prior-high supply (~$65) and potential Wave-5/fib-extension area ($72+); fully exit only if a blow-off extension reaches ~$82-$95 (high reversal risk).
As of May 22, 2026, WGMI (Valkyrie Bitcoin Miners ETF) is in a uptrend state on the weekly chart with 74% confidence. Weekly impulse resumed; price ($61.93) pushed back toward prior swing-high zone with RSI ~69 and all key MAs stacked below price (EMA50 ~$40.40 > EMA100 ~$33.30 > EMA200 ~$27.32).
On the weekly timeframe, WGMI has key support at $49.0 and key resistance at $65.0. The most likely scenario (bullish) targets $65.0 and $72.0, with a revert level at $55.0.
WGMI (Valkyrie Bitcoin Miners ETF) is currently classified as uptrend on the weekly chart, with 74% confidence. Confirmation requires: Weekly close holding above $63.00 (then follow-through toward prior high zone) This would be invalidated by: Weekly close below $49.00 (loss of last breakout shelf / near EMA20)
The most likely scenario (bullish) targets $65.0 and $72.0, with a revert level at $55.0. The alternative scenario (bearish) targets $52.0 and $41.0.
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