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World Liberty Financial’s token debuts on Binance US for spot trading today. Will $WLFI price recover to pre-October 10 crash levels?
- $WLFI has formed a potential double bottom; a breakout above the $15.55 neckline could push it to $17.80, reclaiming pre-October 10 crash levels.
- 9 EMA remains above 21 EMA on the 4H chart, both sloping up, signaling bullish momentum.
- The recently approved $WLFI buyback and burn program could support uptrend by reducing circulating supply.
World Liberty Financial ($WLFI) price is attempting a recovery following the sharp October 10 flash crash, having established a higher low at $13.30 after bottoming at $11.87. Although bullish momentum initially faded with the formation of a nearly equal low at $13.37, slightly weakening the structure, the broader bias remains constructive.
The current structure resembles a potential double bottom, with a neckline resistance around $15.55, only about 4% away from the current price. A breakout above it would confirm the pattern and activate the measured move target of $17.80. This level also coincides with the pre-crash supply zone, making it a critical area to monitor for potential reversal back into downtrend or consolidation.
As far as technicals are concerned, the 9 EMA has held above the 21 EMA for over a week now and both EMAs are now sloping upward, reinforcing the strength of the ongoing uptrend.
$WLFI price surge? - 1">
What’s driving $WLFI price?
Adding to the cautiously bullish technicals, Binance US has announced that $WLFI will begin spot trading today, which could provide the needed volume surge to push $WLFI price above the $0.1555 neckline, validating the double-bottom setup and potentially initiating a run toward the $0.1780 target zone.
Further supporting $WLFI price recovery, World Liberty Financial’s governance community recently approved a buyback and burn proposal, directing 100% of the fees earned from protocol-owned liquidity across Ethereum, Solana, and BNB Chain to be used for purchasing $WLFI from the open market and burning it.