WLF seeks stability after steep decline, with eyes on $0.22 resistance
World Liberty Financial (WLF/USDT) faced heavy selling pressure in the last session, plunging by 23% to trade near $0.2117. Despite the sharp decline, the token is showing signs of stabilization as buyers attempt to defend a short-term support zone around $0.20–$0.21.
The chart highlights that WLF has tested its support band between $0.20 and $0.21, where buyers are stepping in to limit further downside. If this level holds, the immediate resistance stands at $0.22–$0.225, followed by a stronger barrier near $0.25–$0.26, a zone that previously triggered selling pressure.
BITX market strategists commented, “WLF is at a critical juncture. Holding above $0.20 is essential to prevent another leg down toward $0.18. Bulls will need to reclaim $0.225 quickly to regain momentum.”
Earlier in the week, WLF broke out of a descending wedge pattern, sparking optimism with a brief surge above $0.23. However, the rally lost steam at the $0.25 resistance zone, resulting in a sharp pullback. The ongoing retest of the support zone will determine whether this move was a corrective dip or the beginning of a deeper decline.
Volume analysis shows an uptick in activity during the sell-off, indicating stronger participation from sellers. On the rebound, however, volume remains lighter, suggesting buyers are cautious despite defending support.
If WLF maintains above $0.21, the pair could attempt a recovery toward $0.225 and eventually $0.25. Failure to hold this level may expose the token to further declines toward $0.19–$0.18, where the next demand zone lies.
BITX analyst noted, “The battle between $0.21 support and $0.225 resistance will shape WLF’s short-term trend. Traders should watch for a breakout confirmation before committing to fresh positions.”
World Liberty Financial’s 23% price drop has put pressure on bullish momentum, but the defense of the $0.20–$0.21 support zone offers a glimmer of stability. The coming sessions will be pivotal in determining whether the token rebounds or extends its decline toward lower levels.
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.