Market skepticism around WIF is rising, driven by bearish metrics and declining engagement. A recent withdrawal of 20.77 million USD in WIF by a whale, resulting in a loss of 3.27 million USD, raised questions about market confidence, especially as WIF currently trades at 1.45 USD, down 6.58% in the past 24 hours.
The social volume for WIF has drastically dropped from over 200 mentions in November to just 24. This significant reduction reflects waning enthusiasm among traders and investors, potentially impacting WIF’s ability to regain market momentum in the near future.
Technical indicators reveal a bearish trend for WIF, with resistance noted at 1.86 USD and an RSI of 28.67 signaling oversold conditions. Recent liquidation data highlights a risk imbalance, emphasizing the need for cautious trading strategies amidst ongoing price declines.