WLFI has performed poorly in the past 2 weeks, delivering a 30% loss to investors during this period. Crypto traders maintain a bearish World Liberty Financial price prediction as the project has failed to deliver on its promises.
The selling pressure that impacted WLFI’s price lately seems to be easing in the past 24 hours, as trading volumes dropped by 26% to $150 million.
Quinten Francois, a well-known crypto investor, shared his disappointment about the project, as two months have passed since the launch of the $WLFI tokens without any meaningful updates from the developing team.
World Liberty Financial was supposedly going to be a top-notch DeFi platform that will make it easier for unbanked individuals across the globe to access the crypto market. To date, the only prominent launch that WLFI has managed to get done was USD1, the project’s native stablecoin.
Its website has labeled with the word “Soon” its upcoming decentralized exchange, app, and lending and borrowing protocol.
World Liberty Financial Price Prediction: WLFI Needs to Break Above $0.135 to Deliver Meaningful Gains
WLFI encountered strong selling pressure at around $0.135 and dropped strongly off that level on Tuesday. A bearish breakout of a rising wedge pattern in the hourly chart confirmed the token’s upcoming decline and could be setting the stage for a much deeper correction.
The key support to watch for WLFI would be the $0.117 level at this point, meaning a 6.4% downside potential in the near term.
Nonetheless, the Relative Strength Index (RSI) has climbed above the 14-period moving average in this lower time frame, which could favor a move to $0.135 again. If positive momentum accelerates, a bullish breakout above that mark would propel the token to $0.20, meaning an upside potential of 58%.
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The post World Liberty Financial Price Prediction: WLFI Price Crashes Close to 30% in Two Weeks – Is a Drop Below $0.1 Next? appeared first on Cryptonews.
