Latest WiFi Map (WIFI) Price Analysis

Deep Dive

1. Overbought Correction (Bearish Impact)

Overview: WIFI’s 7-day RSI hit 83.65 (above 70 = overbought) on 1 September, its highest level since August 2025. This signaled exhaustion after a 108% weekly rally.
What this means: Overbought RSI readings often precede pullbacks as traders lock in gains. The 24h sell-off brought the 14-day RSI down to 74.36, still elevated but cooling. With no major news, technicals drove this correction.
What to watch: A sustained RSI below 70 could stabilize prices, while a rebound above 80 may renew sell pressure.

2. Market Underperformance (Bearish Impact)

Overview: While the total crypto market cap rose 2.09% in 24h, WIFI fell 29%. Bitcoin dominance increased to 57.7% (from 57.34% yesterday), signaling capital rotation toward safer assets.
What this means: WIFI’s underperformance aligns with a risk-off shift – the Fear & Greed Index held at 39 (Fear), and altcoin season metrics remain neutral (index: 46). Traders likely reduced exposure to volatile small caps like WIFI.

3. Liquidity Pressures (Mixed Impact)

Overview: Trading volume surged 52.7% to $1.04M during the drop, but the coin’s turnover ratio (0.222) remains moderate.
What this means: Higher volume confirms conviction in the sell-off, but thin liquidity (market cap: $4.69M) magnified downside moves. The 200-day EMA ($0.0088) now acts as resistance, 23% above current prices.

Conclusion

WIFI’s plunge reflects profit-taking after parabolic gains, compounded by risk aversion in a fear-dominated market. Traders should monitor whether the RSI stabilizes near 60–70 and if Bitcoin dominance eases to revive altcoin demand.
Key watch: Can WIFI hold above its 38.2% Fibonacci retracement level ($0.00886), or will selling pressure push it toward the 50% level ($0.00764)?