$WIF Price Dips Despite Whale’s Multi-million Dollar Bet - AMBCrypto Analytics

AMBCrypto’s analysis indicated that although the whale address accumulated WIF tokens at around $2, the price has seen a slight decline in the market.

WIF was trading at around $1.9 at press time, having fallen by over 2%

In the previous trading session, the token experienced a significant rise, trading over $2 after gaining over 11%. This increase built on a prior surge of over 15%, which elevated its price to the $1.8 range on the 23rd of June.

Despite these recent uptrends, WIF remained in a bearish trend. The Relative Strength Index (RSI), which was below the neutral line, supported this assessment.

While the RSI suggested a bear trend, it also indicated that this trend had somewhat weakened following the recent price increase, suggesting a potential shift in momentum or investor sentiment.