WLFI Token Hits Record Low Amid Market Scrutiny and Selling Pressure
- Token Price Plunge: WLFI token has fallen approximately 15% in the last 24 hours and 15% over three days, indicating heightened market concerns over its lending activities, which have eroded holder confidence and intensified selling pressure.
- Borrowing Strategy Under Fire: The project's use of its own token as collateral to borrow stablecoins has sparked widespread scrutiny, particularly as liquidity in its lending pools has been compromised, limiting withdrawals for some depositors and increasing market instability.
- Liquidity Pressure Intensifies: World Liberty Financial has posted billions of WLFI tokens as collateral, borrowing over $75 million in stablecoins, which pushed the lending pool utilization rate above 93%, creating tighter withdrawal conditions for other users and exacerbating market panic.
- Buybacks and Unlock Plans Affect Sentiment: WLFI has conducted $65.58 million in token buybacks at an average price of about $0.1507 per token, with current prices significantly lower, while an upcoming vote on token unlocks raises concerns about new supply entering the market, keeping WLFI under pressure.
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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 5 technical signals, shows that 2 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 crypto.
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 | 0.0485 | 0.0626 | 0.0725 | 0.0866 | 0.0965 | 0.111 | 0.121 |
| Fibonacci | 0.0626 | 0.0718 | 0.0774 | 0.0866 | 0.0958 | 0.101 | 0.111 |
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