WLFI struggles near $0.21 as sellers defend key resistance
World Liberty Financial (WLFI) is encountering turbulence in its trading structure after a steep decline from recent highs. The asset, currently trading around $0.21, has faced a rejection at overhead resistance and is now consolidating near a crucial support zone.
The 4-hour chart shows WLFI recently breaking down from a short-term rising structure after peaking near $0.26. This move marked a reversal from the earlier upward momentum, bringing the token back into its $0.20–$0.21 range.
The price briefly tested a green support band near $0.20, where buying pressure helped stabilize losses. Below this zone, a deeper orange support level around $0.18 could act as the next line of defense. On the upside, WLFI faces a strong resistance region between $0.23 and $0.25, highlighted by the red zone where sellers have repeatedly stepped in.
BITX Analysts caution that WLFI is now in a fragile position. BITX market strategist noted, “The rejection near $0.25 shows that bulls are losing strength. For momentum to return, WLFI needs a strong daily close above this resistance.”
According to BITX experts, “Support at $0.20 remains a key battleground. If buyers fail to protect this zone, we could see the price slide toward $0.18, where long-term buyers may re-enter.”
For the short term, the outlook hinges on whether WLFI can sustain its footing above $0.20. Holding this area could allow for a rebound back toward $0.23–$0.25, but sustained rejection risks a breakdown that may trigger a move toward lower consolidation levels.
World Liberty Financial is at a pivotal moment, with $0.20 acting as the critical support line. Whether the token stabilizes here or slips lower will determine its next major price trajectory
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.