- World Liberty Financial (WLFI) trades at $0.14 after a 13% jump.
- Its daily trading volume has skyrocketed by over 163%.
The cryptocurrency market woke up to a brief bullish call today with a 2.31% uptick. The presence of the bulls has caused the majority of the assets to enter the green zone, including Bitcoin and Ethereum . Meanwhile, World Liberty Financial (WLFI) has turned the tide by posting a steady 13.92% jump in value.
WLFI was trading at a bottom level of $0.1246 in the early hours, and later the bullish encounter pushed the price up to a high of $0.1522. Notably, the sturdy bearish pressure over the asset in the last few days has led to significant price drops, and it is currently escaping the bearish hold.
At the time of writing, World Liberty Financial trades at around $0.1430, with its market cap touching the $3.51 billion range. Besides, the asset’s daily trading volume has exploded by over 163.33%, reaching $434.51 million. The WLFI market has observed a $2.89 million liquidation during the last 24 hours.
Can World Liberty Financial Sustain Its Momentum?
World Liberty Financial’s technical analysis reports that the Moving Average Convergence Divergence (MACD) line has crossed above the zero line, indicating a growing uptrend. But the signal line below the zero shows that the overall trend is not fully bullish. It is attempting to catch up with the pace.
WLFI chart (Source: TradingView )
In addition, the Chaikin Money Flow (CMF) indicator of WLFI is settled at 0.12. It suggests mild buying pressure in the market. More money is flowing into the asset than out of it, hinting at a bullish bias, though not a stronger one. Notably, a value above 0.10 gives an early sign of upward momentum.
The four-hour pricing pattern of World Liberty Financial clearly shows the emerging bullish pressure. If this ongoing momentum persists, the price might test the crucial resistance at around $0.1440. More gains could trigger the golden cross to unfold, and likely send the price above the $0.1450 mark.
Conversely, a bearish shift in the asset’s market trend could lead the World Liberty Financial price to fall toward the $0.1420 support. Further downside correction might strengthen the negative outlook and potentially push out the death cross to take place. This would drive the price below $0.1410.
Moreover, the current market sentiment of WLFI is strongly bullish , with the daily Relative Strength Index (RSI) value at 64.51. If the momentum continues, the price could test higher resistance levels soon. World Liberty Financial’s Bull Bear Power (BBP) reading of 0.0168 implies that the bulls are dominant in the market. But it is not strong enough to confirm a major bullish breakout.
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