WLFI Price Prediction: Trump-Backed Token Eyes $0.24 Breakout After 3% Rally

World Liberty Financial (WLFI), the Trump-backed token, is bouncing back after weeks of selling. According to TradingView...

Quick overview

  • World Liberty Financial (WLFI) has rebounded 3% in the last 24 hours after a significant sell-off.
  • The token is currently 50% below its September high of $0.46, following a breach of its no-sale policy.
  • A buyback-and-burn plan has garnered 99% community support, with 47 million tokens already burned.
  • WLFI is consolidating in a symmetrical triangle pattern, indicating a potential breakout if it surpasses resistance at $0.2125.

World Liberty Financial (WLFI), the Trump-backed token, is bouncing back after weeks of selling. According to TradingView, WLFI is up 3% in the last 24 hours, off a 10% monthly decline and 40% since launch. It hit a low of $0.1614 before bouncing back to $0.20. Still, it’s 50% off the September high of $0.46.

The big sell off was partly due to the project’s no-sale policy being breached. Justin Sun’s wallet was frozen after he sold $9 million worth of WLFI, which impacted over $3 billion in holdings. He later said he would buy $20 million more tokens, which sparked speculation about his long term involvement.

Key points for WLFI’s rebound:

  • Up 3% in 24 hours
  • 50% off September highs
  • No-sale policy breaches hurt sentiment
  • Sun to buy $20M more tokens

Buyback Plan Boosts Investor Confidence

To stabilize prices World Liberty Financial introduced a buyback-and-burn plan where 100% of treasury liquidity fees go towards token buys. The tokens are then permanently removed from circulation, increasing scarcity over time.

The community is fully behind the plan with 99% governance vote. Already 47 million tokens out of 24.6 billion supply have been burned with each transaction logged on-chain.

WLFI launched on Binance, KuCoin and Bitget and saw over $580 million in daily volume. Liquidity was strong in Asia and Middle East where projects with Trump ties get a lot of attention.

WLFI Technical Forecast: Breakout Imminent

WLFI is at $0.2064 and is consolidating in a symmetrical triangle — a pattern that often precedes big moves. Since early September price has made higher lows and lower highs, it’s a balanced market waiting for a resolution.

WLFI Price Chart - Source: Tradingview
WLFI Price Chart – Source: Tradingview

The 50 period SMA at $0.2031 is near term support with the 200 period SMA at $0.2001 being the broader floor. Resistance is at $0.2125 where price was recently rejected and left a small candle indicating indecision. The momentum indicators are bullish: RSI is at 53 and a bullish divergence earlier in the week showed buyers taking control.

If WLFI breaks $0.2125 with volume, the targets are $0.2237 and $0.2440. On the downside the support is at $0.2001 and $0.1874. For traders, the trade is long above $0.2125 with stops under $0.2000. For beginners, the play is simple — WLFI is at the ceiling and a break above it could be the next leg up.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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