World Liberty Financial Price Prediction: WLFI Tanks 10% Despite $2.8M Whale Buy As Post-Launch Implosion Continues

World Liberty Financial Price Prediction: WLFI Tanks 10% Despite $2.8M Whale Buy As Post-Launch Implosion Continues

The World Liberty Financial price continues its post-launch slump with a 10% loss in the past 24 hours to trade at $0.2083 as of 7:01 a.m. EST on trading volume that plunged 28% to $941 million.

The plunge comes even after a whale bought $2.8 million worth of WLFI from Binance. According to the Lookonchain platform on X, Arkham intelligence cited on-chain data that shows the whale acquired 13 million tokens on September 7.

The purchase comes after billionaire TRON founder and early WLFI investor Justin Sun reported last week that the project’s team had blacklisted his wallet.

World Liberty Financial responded by saying that around 79% of the 272 wallets blacklisted alongside Sun’s were tied to a phishing attack. According to the crypto firm, the addresses were frozen as part of a pre-emptive move.

Bloomberg data shows that the US President Donald Trump’s family has added roughly $1.3 billion in wealth through crypto-focused initiatives, with over $670 million coming from the WLFI project.

WLFI Price At A Crossroads: Will Support Hold Or Bears Take Control?

The WLF/USDT analysis shows that the WLFI price is currently trading at $0.2083, showing a 10% decline in the past 24 hours.

On the hourly chart, the World Liberty Financial price recently experienced a sharp upward rally followed by a retracement, and it is now consolidating near the 23.6% Fibonacci retracement level.

WLFI is trading below the 50-day Simple Moving Average (SMA) (at $0.2187), which is acting as a dynamic resistance.

The Relative Strength Index (RSI) is currently at 37.23, indicating bearish momentum but not yet oversold. This suggests that there is still room for further downside before a strong reversal takes place.

On the Trend-based Fibonacci extension, the price of WLFI is hovering just above the 23.6% retracement ($0.2186) but struggling to hold it.

WLFI/USDT Chart Analysis: TradingView

If the World Liberty Financial price continues to struggle below the 50-day SMA and fails to reclaim $0.2186, there is a high probability of a retest of the $0.2023 support zone. 

A breakdown below this level could accelerate bearish momentum toward the $0.19 support level.

However, if buyers defend the $0.2023 support and the RSI starts to recover, a bullish trend reversal toward $0.2287 and $0.2368 could happen. 

A decisive breakout above the $0.2449 resistance would reestablish bullish momentum and could trigger a continuation of the upward trend.

About Author

Evans Karanja

About Author

Evans Karanja

Evans Karanja

ABOUT COINNEWS
100k+
Active Monthly Users Around the World
50+
Guides and Reviews Articles
3
Years on the Market
8+
In-house Authors
At Coinnews, we aim to make cryptocurrency, blockchain, and Web3 understandable, and information available to everyone, no matter what level you are in your investment journey. Founded in 2022, Coinnews has been dedicated to delivering reliable, multilingual coverage of the cryptocurrency industry.