Crypto
WIF Price Stalls at Overbought Levels as Smart Money Holds Firm
The price of WIF has reached an overbought level, according to its Relative Strength Index (RSI), which stands at 76.78.
Despite this, momentum indicators are flatlining, with the MACD histogram reading a dead zero and the Bollinger Band %B at 1.04.
However, smart money is still heavily positioned long on WIF, with a net long ratio of 69% and rising open interest.
The chart shows that WIF has broken above all significant moving averages, including the SMA 7 at $0.17, SMA 20 and SMA 50 both parked at $0.15, and even the long-term SMA 200 at $0.18.