Crypto
WIF Price Hits Overbought Territory, Smart Money Remains Bullish
The price of WIF has reached an overbought RSI of 76.78, but its momentum is stalling, according to technical analysis.
Despite this, smart money is still net long with rising open interest and neutral funding rates, indicating organic accumulation rather than a blow-off top.
The broader Solana ecosystem has maintained on-chain liquidity depth, giving WIF a structural advantage over lesser-known meme assets.
With 66% of the retail crowd long, there is a risk of stop-loss cascades if $0.18 support breaks with force, potentially accelerating a move toward $0.17 faster than expected.