17 Nov
17Nov

The WLFI token is attracting significant attention, currently holding steady at $0.1465 after an impressive 11.71% surge over the past week. With a strong market cap of $3.59 billion and daily trading volume exceeding $206 million, the market is primed for a decisive move.

Technical and Fundamental Drivers

WLFI's price is locked above the $0.14 mark, which analysts view as a technical breakout driven by several factors:

  • Accumulation: An ongoing narrative of token accumulation.
  • Supply Limitations: Reduced supply due to continued token burns.
  • Regulatory Clarity: Diminished regulatory fear following recent legal clarifications.

The price is currently trading just above its Point of Control (PoC) at $0.14, the level with the highest historical trading interest. Buyers have consistently defended this level, evidenced by lower wick formations that suggest aggressive purchasing and a "higher low" pattern—a classic precursor to a rally.

Indicator Analysis and Price Targets

Technical indicators support the bullish outlook:

  • RSI: Stands neutral at 50.36, offering ample room for movement in either direction.
  • MACD: Has flipped positive at +0.003, signaling increasing bullish momentum.

Key Price Levels to Watch:

  • Crucial Resistance: $0.153 (which aligns with the 23.6% Fibonacci retracement level).
  • Bullish Scenario: A decisive 4-hour candle close above $0.153 could trigger a momentum trade, quickly driving WLFI towards the previous week's high of $0.18, possibly within the current week.
  • Bearish Scenario: Failure to maintain the $0.14 support, particularly a drop below $0.1315, could lead to a significant correction, pushing the price down toward $0.109 (a potential 20% decline).

Market structure suggests a test of the $0.153 resistance is likely within the next two to three trading sessions, with sustained volume spikes needed for a successful breakout.

November 2025, Cryptoniteuae

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