The post WLFI Price Set For Breakout: Will Bulls Target $0.18 or Deeper Correction Loom? appeared first on Coinpedia Fintech News
WLFI’s price action takes the spotlight as the token holds steady at $0.1465, with an 11.71% weekly surge. With a robust market cap of $3.59 billion and over $206 million in daily traded volume, the interest surrounding WLFI remains high. The battle between buyers and sellers has set the stage for a potentially explosive move.
World Liberty Financial price locked above $0.14 reflects a technical breakout. This is driven by an accumulation narrative, ongoing supply limitations from token burns, and reduced regulatory fears after recent legal clarifications. These crosswinds have built tension, making every tick higher or lower a hot topic for traders.
Will WLFI Price Break Out or Slide?
Right now, WLFI crypto price trades just above its Point of Control at $0.14, the spot with the most historical volume and trader interest. Bulls have repeatedly defended this level, showing strength every time the price dips toward $0.14. The lower wick formations signal aggressive buying, setting up a “higher low” pattern that often comes before major rallies.
Successively, the technical indicators foster this view. The RSI stands neutral at 50.36, neither overbought nor oversold. This neutral zone acts as a springboard, meaning any push in either direction could lead to a decisive move.
That being said, the MACD histogram flipped positive at +0.003, hinting at growing bullish momentum. Eyes should now focus on the $0.153 resistance, also the 23.6% Fibonacci retracement level. If price closes above $0.153 on the 4-hour chart, momentum traders could drive WLFI toward the previous week’s high at $0.18.
Based on the current market structure, one can expect a test of $0.153 within the next 2 to 3 trading sessions. Whether WLFI smashes through this ceiling depends on sustained buying and volume spikes. If bulls take charge and breach $0.153, the rally toward $0.18 may happen quickly, possibly within the week.
Contrarily, failure to hold $0.14 as support could lead to a deeper correction. If sellers overwhelm buyers below $0.1315, WLFI could slide to $0.109, registering a drop of around 20%.
FAQs
The RSI at 50.36 signals neither bullish nor bearish extremes. It provides a neutral base for a move depending on market momentum.
The $0.14 mark coincides with the highest historical trading volume, showing buyers repeatedly defend this level and make it a launchpad for rallies.
The next barrier sits at $0.153, marked by both the 23.6% Fibonacci level and recent price rejections. Closing above this can drive WLFI toward $0.18.