World Liberty Financial Price Plummets 42% As WLFI Buyback Plan Announced

The World Liberty Financial price has slumped 42% in September, prompting the WLFI team to announce a buyback and burn program in an attempt to stem the slide.

WLFI was trading at $0.192 as of 6:33 a.m. EST after plunging 4.6% in the last 24 hours on trading volume that surged 69% to $561.9 million.

The team said it will share updates on each buyback and burn once they are conducted.

The proposal states that the mechanism will directly reduce supply, adding that every trade will remove WLFI from circulation.

The hope is that by reducing supply the WLFI token will finally stabilize after a long slump since launch.

World Liberty Financial Price Indicators Hint At A Reversal

The WLFI price has been trading within a falling channel pattern since its sharp rejection near the $0.25 high. This falling wedge-like structure is often considered a bullish reversal pattern, and the price of WLFI is now pressing against the upper boundary of the channel.

Currently, the World Liberty Financial price is around $0.1923, which is below both the 50-day Simple Moving Average (SMA) at $0.1971 and the 200-day SMA at $0.2140, as shown on the 1-hour chart. 

This alignment indicates that the short-term and long-term averages remain tilted bearish, but the narrowing gap suggests a weakening of downside pressure.

If the breakout materializes, the first significant resistance lies near $0.2140, which coincides with the 200-day SMA.

The Relative Strength Index (RSI) is currently hovering at 44.18, below the neutral 50 line, indicating that momentum remains subdued but not oversold.

WLFI/USD Chart Analysis: TradingView

With the current setup, the price of World Liberty Financial appears poised to test the $0.20–$0.2140 resistance area. 

This zone will be crucial: a clean breakout could open the door toward $0.23 and beyond, while a rejection may force the price back toward the lower support of $0.1826.