đ„ AMBCrypto Analytics: $WIF Analysis
Despite the divergence between WIFâs price and its CMF indicator, its key momentum indicators showed that the current buying pressure may be enough to sustain the price rally in the short term.
For example, the tokenâs Relative Strength Index (RSI) and Money Flow Index (MFI) were 62.66 and 80.80 as of this writing, respectively. This shows that WIF buying activity outpaced token sell-offs.
Confirming the current bullish trend, the tokenâs price rested above the dotted lines that make up its Parabolic SAR indicator. This indicator measures WIFâs trend directions and reversals. When its dotted lines are below the assetâs price, the trend is said to be bullish.
Also, as of this writing, WIFâs MACD line was spotted above its signal line. These lines have been positioned this way since 27th March.Â
An upward intersection of an assetâs MACD line with its trend line suggests that the shorter-term moving average is moving away from the longer-term moving average, indicating bullish momentum in the short term.
