World Liberty Financial’s token debuts on Binance US for spot trading today. Will WLFI price recover to pre-October 10 crash levels?
Summary
- WLFI has formed a potential double bottom; a breakout above the $15.55 neckline could push it to $17.80, reclaiming pre-October 10 crash levels.
- 9 EMA remains above 21 EMA on the 4H chart, both sloping up, signaling bullish momentum.
- The recently approved WLFI buyback and burn program could support uptrend by reducing circulating supply.
World Liberty Financial (WLFI) price is attempting a recovery following the sharp October 10 flash crash, having established a higher low at $13.30 after bottoming at $11.87. Although bullish momentum initially faded with the formation of a nearly equal low at $13.37, slightly weakening the structure, the broader bias remains constructive.
The current structure resembles a potential double bottom, with a neckline resistance around $15.55, only about 4% away from the current price. A breakout above it would confirm the pattern and activate the measured move target of $17.80. This level also coincides with the pre-crash supply zone, making it a critical area to monitor for potential reversal back into downtrend or consolidation.
As far as technicals are concerned, the 9 EMA has held above the 21 EMA for over a week now and both EMAs are now sloping upward, reinforcing the strength of the ongoing uptrend.
What’s driving WLFI price?
Adding to the cautiously bullish technicals, Binance US has announced that WLFI will begin spot trading today, which could provide the needed volume surge to push WLFI price above the $0.1555 neckline, validating the double-bottom setup and potentially initiating a run toward the $0.1780 target zone.
Further supporting WLFI price recovery, World Liberty Financial’s governance community recently approved a buyback and burn proposal, directing 100% of the fees earned from protocol-owned liquidity across Ethereum, Solana, and BNB Chain to be used for purchasing WLFI from the open market and burning it.
