- WLFI stalls below the $0.14 Moving Averages and drifts toward the $0.11–$0.10 support pocket.
- Long liquidations dominate as on-chain stress fuels near-term bearish pressure.
- RSI nears oversold, hinting at possible support-driven stabilization ahead.
After hitting a three-week low around $0.1215 region on Thursday last week, the WLFI token witnessed a 12% price rebound to a peak of $0.1371, where it met a short-term resistance once again. Per the chart analysis, a break above the 20-day and 50-day MAs at $0.14 would be the first signal of a decisive bullish reversal signal.
However, the token was unable to complete these structures and thus witnessed further setbacks. As of press time, the token hovers within the $0.1312 region, recording a 2% decline in the past 24 hours. This adds to its broader year-on-year 48% ebb since its September peak around the $0.25 zone.
WLFI’s Price Action: Bears Target the $0.11 Key Support
As reported in the previous week’s analysis by CryptoTale, WLFI’s bearish sentiment is eyeing the $0.11-$0.10 key support range as the next potential downside target. Historically, this support range has generated rebounds twice this year, and WLFI is inching back toward it again.
The zone lines up with the 23.60% Fibonacci level, which adds a bit of structure for traders looking for any sign of stabilization. Besides, market-profile data support the same range. WLFI has traveled from its Value Area High, through the Point of Control, and eyes the Value Area Low, positioned right inside that $0.11–$0.10 pocket, creating a stack of overlapping support signals.
Source: TradingView
Momentum data further adds credence to this market structure. Currently hovering at the 38 region, WLFI’s Relative Strength Index indicates that the stock is approaching oversold territory, potentially signaling a reversal in the near future. With yet additional space left before oversold territory is officially reached, WLFI is poised to approach the support range in the near future.
Key Levels to Watch
With all these overlapping signals pointing to the same zone, the WLFI altcoin appears to have a strong foundation at the $0.11-$0.10 range, making it a potential area for buyers to step in and drive prices higher. On such occasions, the WLFI token is anticipated to revisit the 20-day and 50-day MAs, coinciding with the 38.20% Fib level around the $0.14 level.
Other key targets include the 50% Fib retracement around $0.1640 and the $0.1666-$0.1760 key resistance zones. Meanwhile, a breach below the $0.11-$0.10 support range could set WLFI price on a path towards testing its all-time low around $0.07, last seen in October.
Related: Why CRV Is Surging Today: Key Factors Behind the Price Jump
On-Chain Signals Deepen Market Weakness
From an on-chain perspective, the WLFI is facing a noticeable uptick in liquidations, with roughly $143,000 wiped out in the past day. Most of that pressure landed on the long side. About $127.11 in bullish positions were knocked out, compared with only $15.89 in shorts.
Source: CoinGlass
The imbalance isn’t dramatic in scale, but it hints at a long squeeze forming beneath the surface. As a result, traders who were leaning higher are being pushed out of their positions and, in some cases, turning defensive by shifting into shorts. That sort of rotation often drags prices lower before the market finds its footing again.
Open interest, however, is barely moving. It currently sits near $213 million, holding a sideways shape that suggests traders haven’t lost interest but aren’t ready to commit to any direction either.
Source: CoinGlass
Consequently, volatility has thinned, leaving a market that feels watchful rather than eager. Most are waiting for a clearer catalyst before making bigger moves. Until that arrives, WLFI’s price is likely to drift with liquidations and whatever broader cues the market throws at it next.
