World Liberty Financial’s WLFI token has retreated to a long-term support level around $0.106 following a period of steady distribution. The token’s price action remains bearish, with technical indicators pointing toward a potential test of the $0.96-$0.99 demand zone.
The World Liberty Financial [WLFI] token formed a high near $0.18 in late December but has since faced a decline back to the $0.106 support level. This drop occurred amid a Congressional investigation and forced market-wide selling in early February.
The World Liberty Forum recently convened financial and crypto leadership at Mar-a-Lago. The event 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. WLFI announced plans to tokenize revenue from Maldives resort loans, according to reports.
The company’s USD1 stablecoin also recently experienced a brief de-pegging event. The company reassured users that the de-peg attempt failed and USD1 was trading at par once more.
Technical analysis suggests bearish momentum remains prevalent on longer timeframes. The price recently bounced to $0.13 but faced rejection as the RSI retested neutral 50.
On shorter timeframes, the $0.96-$0.99 region is identified as the immediate local demand zone. Long liquidation levels under the current price also agree the next move is likely bearish.
However, a dense cluster of short liquidations exists near $0.13. If the $0.96 support holds and Bitcoin’s bearish momentum pauses, a short squeeze toward $0.13 could occur.
