Binance's Dominance in USD1 Circulation Raises Concerns
- Binance's USD1 Control: New data reveals that Binance controls approximately 87% of USD1's circulation, equating to about $4.7 billion, raising concerns about risk and transparency, particularly regarding politically connected projects linked to the Trump family.
- Surge in Trading Activity: Binance significantly boosted trading activity by offering $40 million worth of WLFI tokens to USD1 holders, encouraging users to hold more USD1 on the platform, thereby solidifying its market position.
- Increased Regulatory Scrutiny: Binance ceased serving U.S. customers due to past regulatory disputes, and while it claims its relationship with World Liberty Financial adheres to industry standards, the lack of transparency raises doubts about its control over the supply.
- Political Connections Raise Concerns: The ties between World Liberty Financial and the Trump family, along with the concentration of funds on Binance, have prompted lawmakers to examine the company's foreign ties and funding sources, increasing market uncertainty.
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Technical Analysis for WLFI
Technical Sentiment Analysis for World Liberty Financial (WLFI) As of , World Liberty Financial (WLFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WLFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WLFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
World Liberty Financial (WLFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0483 | 0.0722 | 0.0946 | 0.118 | 0.141 | 0.165 | 0.187 |
| Fibonacci | 0.0722 | 0.0899 | 0.101 | 0.118 | 0.136 | 0.147 | 0.165 |
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