Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
WLFI’s $0.106 under siege: Should traders brace for more losses?

WLFI’s $0.106 under siege: Should traders brace for more losses?

AMBCryptoAMBCrypto2026/02/24 13:03
By:AMBCrypto

World Liberty Financial [WLFI] formed a top around the $0.18 supply zone in late December. Since then, it has faced steady distribution, and the price was back at the $0.106 long-term support.

The World Liberty Forum convened financial and crypto leadership at Mar-a-Lago. It was hosted by Eric Trump and Donald Trump Jr., and focused on tokenization strategy and capital-market integration.

Rapper Nicki Minaj was a featured speaker at the event, where WLFI announced plans to tokenize revenue from Maldives resort loans, according to reports.

More recently, the USD1 came under a “coordinated attack“, with the stablecoin briefly slipping below its $1 peg. The company reassured users that the depeg attempt failed and USD1 was trading at par once more.

Bearish WLFI trend set to continue

WLFI’s $0.106 under siege: Should traders brace for more losses? image 0

Source: WLFI/USDT on TradingView

The Congressional investigation and forced market-wide selling in the first week of February saw WLFI drop below a three-month range. This range extended from $0.106 to $0.175. At the time of writing, the lows were under siege once again.

The range lows were defended in recent weeks, and a bounce to $0.13 occurred. The bulls had no follow-up to this relief rally. The price action, volume trends, and the OBV showed that the buyers had exhausted themselves over the past week.

The bounce to $0.13 saw the RSI retest neutral 50 and face rejection. This underscored the bearish momentum prevalent on the 1-day timeframe.

The $0.966 local lows are likely to be tested in the coming days.

Short-term WLFI prediction

WLFI’s $0.106 under siege: Should traders brace for more losses? image 1

Source: WLFI/USDT on TradingView

The short-term range lows just under $0.1 were likely to be tested soon. The $0.96-$0.99 was the nearby local demand zone that beckoned prices closer.

WLFI’s $0.106 under siege: Should traders brace for more losses? image 2

Source: CoinGlass

The long liquidations under the current market price agreed that the next move was likely to be bearish. However, the liquidation heatmap also highlighted the dense cluster of short liquidations at $0.13.

If WLFI bulls defend $0.96 and the Bitcoin [BTC] bearish momentum sees temporary respite, traders need to be prepared for a short squeeze to, or just beyond, $0.13.

Final Summary

  • The World Liberty Financial token was trading within a 3-month range.
  • Analysis of the lower timeframe trends showed that $0.96 was the immediate price target.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Over $10 billion in market value evaporated in four trading days as CoreWeave (CRWV.US) debt risks trigger sell-off, but Deutsche Bank sees it as a buying opportunity

Deutsche Bank believes that the recent sell-off of CoreWeave lacks sufficient company fundamentals to justify it, and the sharp price correction has instead created a buying opportunity for investors.

智通财经•2026/10/15 22:37
Over $10 billion in market value evaporated in four trading days as CoreWeave (CRWV.US) debt risks trigger sell-off, but Deutsche Bank sees it as a buying opportunity

Overnight US Stock Market | Inflation Pressure Continues to Rise, All Three Major Indexes Up, Dell (DELL.US) Down 6.8%

At the close of trading, the Dow Jones Industrial Average rose 557.51 points, or 1.08%, to 52,178.99 points; the S&P 500 Index gained 25.18 points, or 0.33%, to 7,744.12 points; and the Nasdaq Composite Index increased by 20.16 points, or 0.08%, to 26,713.03 points.

智通财经•2026/10/15 22:37

Interactive Brokers (IBKR.US) Q3 revenue increased by 16% year-on-year, announces over 70% increase in quarterly dividend

Driven by growth in net interest income and commission income, Interactive Brokers' Q3 net revenue increased by 16% year-on-year, with adjusted earnings per share rising by approximately 18% year-on-year.

智通财经•2026/10/15 22:31

CoreWeave default probability exceeds 60%! Jensen Huang "puts out the fire": Financing costs are declining, no need for NVIDIA to backstop

After Jensen Huang's speech, CoreWeave's stock price, which had fallen by as much as 9.5% in early trading, turned positive. The company's five-year CDS rose above 1,190 basis points during Thursday’s session, a historical high reflecting the cost of debt default protection, while yields on some of its corporate bonds have climbed above 15% to 16%. The five-year CDS spreads for Oracle, Amazon, Google’s parent company, and Meta are all at historically high levels. Deutsche Bank analysts believe that as the AI capital expenditure cycle is increasingly supported by debt rather than free cash flow, investors must place greater emphasis on signals from the credit market. Overall, while AI-related financing costs are not yet excessively high, worrying signs have begun to emerge.

华尔街见闻•2026/10/15 21:36
CoreWeave default probability exceeds 60%! Jensen Huang "puts out the fire": Financing costs are declining, no need for NVIDIA to backstop