WIF Teeters on Edge as Sellers Dominate Spot Flow
The price of WIF has taken a hit, dropping by 6.2% in a single day to sit at $0.23.
The momentum is flat, with sellers driving spot flow and aggressively buying into bids, which is a concerning sign for the market.
The medium-term structure, however, remains intact, with all major moving averages sitting below current price.
A crucial support level at $0.22 will decide whether WIF's decline continues or reverses course.