Bulls vs Bears: Is World Liberty Financial (WLFI) Eyeing Bullish Hopes or Facing Bearish Risks?

• World Liberty Financial (WLFI) is hovering around $0.16.
• The daily trading volume has increased by over 38%.

With extreme fear gripping the crypto market, the assets have moved into a watch zone where bulls could re-emerge. As of now, both red and green waves are seen across the board. The assets, like BTC and ETH, are trading near their former crucial support zone. Among the altcoins, World Liberty Financial (WLFI) has gained 4.86% in value. 

In the early hours, the asset traded at a bottom range of $0.1547, and with the bullish pressure, the WLFI price rose to a high of $0.1734. Meanwhile, multiple resistance between the $0.1552 and $0.1729 zones was tested. If the asset’s price action climbs higher, additional gains are likely to follow. 

World Liberty Financial traded at the $0.1635 mark at press time, with its daily trading volume having increased by over 38.68%, reaching the $339.23 million level. The Coinglass data has reported that the market has experienced a liquidation of $1.17 million worth of WLFI during the last 24 hours. 

Will World Liberty Financial Hold Its Bullish Momentum?

The 4-hour price analysis of the asset shows the bullish pressure. The World Liberty Financial price could move up to the resistance range at $0.1642. With the formation of the golden cross, the bulls might gain strength, pushing the price upward to $0.1650 or even higher. 

Conversely, if the ongoing WLFI momentum took a bearish turn, the price might instantly fall to the $0.1628 support level. Assuming the downside correction extends and triggers the death cross to take place, it will likely take the asset’s price toward a low below $0.1620.

WLFI chart (Source: TradingView)

World Liberty Financial’s MACD is settled above the signal line, indicating the trend is shifting upward. Notably, the asset could continue moving higher if the momentum holds. Besides, the CMF indicator of 0.04 suggests mild buying pressure in the WLFI market. The money is flowing into the asset, and if it rises to higher levels, it would signal stronger accumulation. 

Furthermore, the RSI of World Liberty Financial is positioned at 59.24, implying moderate bullish momentum. If the value continues climbing, the upside pressure could get stronger. WLFI’s BBP reading of 0.0199 points out its slightly bullish dominance. The strength is not significant yet, but further upside would confirm stronger bullish momentum in the market.

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