WLFI Price Consolidates Around $0.20 Amid Community-Led Initiative
World Liberty Financial Token (WLFI) is showing signs of stability after recent volatility, holding near $0.20 as the project’s community backs a proposed buyback-and-burn plan aimed at reducing circulating supply. The initiative, widely discussed across forums, has helped to restore sentiment after weeks of downward pressure.
On the one-hour chart, WLFI has been trading within a descending channel, marked by lower highs and consistent supply zones around $0.23–$0.24. Despite the bearish structure, strong demand has repeatedly appeared in the $0.18–$0.19 region, where buyers have defended against further losses.
The token briefly dipped to test this lower band earlier this week but quickly rebounded, returning to its green support zone at $0.20. Analysts suggest that community-driven measures, including the buyback-and-burn plan, could serve as a catalyst for a potential reversal.
“The market is looking for confirmation that supply will tighten. If the burn plan is executed effectively, WLFI could attempt another push toward the $0.23 resistance zone,” According to BITX market strategists.
Still, caution remains. The descending channel trendline continues to act as a ceiling, and without a decisive breakout above $0.24, short-term rallies may face selling pressure. “Investors are supportive of the long-term tokenomics, but technically, WLFI needs to clear its resistance to attract new inflows,” BITX analysts observed.
Volume trends have been mixed, showing spikes during selloffs but fading during rebounds, a pattern that highlights cautious participation. A stronger uptick in demand will be necessary to confirm a sustainable breakout.
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