For WIFUSD, the current Elliott Wave analysis indicates that it is likely to rise toward the 2.37 level, completing Wave 4 of the ongoing corrective wave (C). Wave 4 typically represents a temporary retracement or consolidation within the larger trend, in this case, a countertrend move upward.

Once Wave 4 is complete at 2.37, the downtrend is expected to resume, leading to a break below the 1.0764 level. This level represents the previous low at Wave Y of (A) and serves as a critical support. A decisive move below 1.0764 would confirm the continuation of the bearish trend and signal further downside potential.

In summary:

• Wave 4 of (C): Expected to push WIFUSD to 2.37 before reversing.
• Bearish continuation: The next leg down is likely to target and break 1.0764, confirming the downtrend.

Traders should monitor these key levels closely to anticipate market movements and manage risk effectively.