World Liberty Financial [WLFI] has rallied 3.9% in 24 hours and reclaimed the $0.1 psychological support. It has attempted to scale the $0.12 local resistance multiple times over the past two weeks but has had no success.
The Trump-backed finance protocol unveiled a new governance proposal on the 25th of February. It opened to voting on the 8th of March and has an approval rate of over 99%.
The proposal revolves around a shift toward staking-based governance. On the other hand, it was reported recently that the WLFI team transferred 16.71 million tokens to the centralized exchange OKX, likely for selling.
The project itself received criticism for “presidential corruption” from U.S. Senator Elizabeth Warren. A drop below the $0.097 local support could pave the way for a 25% slide, but so far, the bulls have held the line.
The WLFI trend is precariously perched
Source: WLFI/USDT on TradingView
WLFI has been trading within a range (purple) since November 2025. The range extended from $0.106 to $0.175.
Over the past month’s trading, the range lows were breached, and a local low at $0.096 was set on the 6th of February.
This low remained in play. The CMF has been below -0.05 for two weeks, and the A/D has been trending downward throughout 2026. Despite this strong selling pressure, the $0.096 support was not yet broken.
Meanwhile, the RSI continued to move around below the neutral 50 line to show the trend remained bearish. This was in agreement with the price action.
Traders’ call to action – Sell the bounce
Source: WLFI/USDT on TradingView
There were several lower-timeframe resistance zones that formed over the past week during WLFI’s downward march. The closest ones were $0.1 and $0.1094, with the altcoin testing the former as resistance at press time.
Even though the CMF and RSI signaled some buying pressure and upward momentum in the short term, traders should remember the longer-term trend.
The $0.13 swing level must be breached for the 1-day structure to flip bullishly.
Until then, a bearish reaction from the local supply zones appeared likely. Therefore, as things stand, it appears unlikely that the World Liberty Financial token can rally past $0.11 in the coming days.
Final Summary
- The World Liberty Financial project has received criticism and faces Congressional investigation after links to UAE investments surfaced.
- The token was under steady selling pressure on the higher timeframes, and short-term price bounces were being sold.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Source: https://ambcrypto.com/wlfi-reclaims-0-10-but-heres-why-the-bearish-trend-is-still-intact/