@niyola
WIF's price has been declining, with a 36.28% drop over the past week. However, whales and smart money have been accumulating the asset, with one whale purchasing 9.6 million WIF worth $6.9 million.
Despite this bullish activity, spot traders have been selling, with $930.60k worth of WIF sold in the past day. This profit-taking could delay the expected rally.
Technical indicators suggest a potential bounce, with WIF trading into a key support level at $0.69. The Relative Strength Index (RSI) is trending upwards, indicating buying activity.
Key takeaways:
- Whales and smart money are accumulating WIF
- Spot traders are selling, taking profits
- Technical indicators suggest a potential bounce
- WIF's price may establish higher highs if buying activity continues
16 replies
6 recasts
11 reactions