- WLFI burned 166.7M tokens after a phishing event, causing a 17% price surge.
- Price holds above MA30 with support near $0.1450 and resistance at $0.1588.
- A 150% rally to $0.30 is possible if WLFI breaks above the $0.16–$0.17 zone
World Liberty Financial (WLFI) is showing early signs of a potential breakout as it trades at $0.1501, up 1.88% in the last 24 hours. The token has built strong support around $0.1450, with a recent local resistance forming near $0.165.
Traders continue to watch price movement as the token holds steady above its 30-day moving average (MA30), a level often used to confirm trend strength.
A key event behind the recent move was the burn of 166.7 million WLFI tokens. This burn followed a phishing event, and it reduced the total supply of tokens, leading to a sharp 17% surge in the price. According to on-chain analyst Spirit, this event triggered new investor interest and lifted WLFI by 36% over three days.
Support Levels Hold as Traders Watch Resistance Zones
Support has remained firm near $0.1450, with buyers defending dips and absorbing selling pressure. Another key support area lies around $0.1480, where the price has bounced several times. These levels are being closely monitored as consolidation continues.
Analysts have noted that WLFI has formed a classic pre-breakout curve. As per CryptoPeakX, the token is forming a bullish structure while holding above the MA30.
“If WLFI flips the $0.1588 resistance level, the $0.16–$0.17 zone could open up,” the post noted. Traders are now watching for sustained volume and continuation past $0.165 for confirmation.
Major Backing Adds Fuel to Long-Term Momentum
The rise in WLFI’s price and market activity has coincided with increasing volume and open interest. These indicators often suggest that more traders are entering positions in anticipation of larger moves. Data points to ongoing quiet accumulation, where long-term holders may be positioning ahead of a possible rally.
WLFI is also supported by strong external backing. Spirit noted that a $100 million UAE-based fund has invested in the project. In addition, the token has ties to a venture linked to the Trump family. These factors have increased attention from traders who now consider $0.30 a potential mid-term target.
If the current consolidation above MA30 continues and WLFI clears resistance, technical conditions may support another upward move.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
