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World Liberty Financial Price Prediction: WLFI Could Rally to $0.50 If Resistance Is Broken

Highlights:

  • WLFI is consolidating between $0.319 resistance and $0.211 support
  • Pushing through $0.319 resistance could trigger a rally to $0.50
  • A breakdown through the $0.211 support could trigger a correction to $0.10

World Liberty Finance (WLFI) is one of the top trending cryptocurrencies today. This has a lot to do with the fact that it is associated with Donald Trump’s family, and that yesterday, September 1, it became publicly tradable on all major exchanges. The public launch triggered a wave of speculation as investors watched how it would trade compared to past cryptocurrencies linked to the Trump family, such as the Trump meme coins. 

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Unlike the Trump meme coins, the price of WLFI went down on launch. When going to press, World Liberty Finance was trading at $0.231, up slightly by 1.22% in the day. However, trading volumes have shot up exponentially by over 9 million percent in the day compared to the previous day. Such a strong surge in trading volumes indicates that the token is mainly in the hands of whales, and they are likely unloading their tokens now that the token is publicly tradable. 

WLFI Available On Multiple Top-Tier Exchanges On Day One 

The surge in volumes is also a reflection of the wide availability of the token. On its first day of trading, World Liberty Finance was simultaneously available on major exchanges, including OKX, ByBit, and even Binance. This and the fact that it is linked to the US president mean that speculation about the token is relatively high. Despite the association with the US president and ease of availability, the WLFI token price action reflects declining investor excitement in Trump-linked tokens.

In the past, cryptocurrencies associated with Trump have experienced significant price rallies. For instance, the Official Trump token rallied to over $70 before crashing back to prices below $10. For this reason, investors may be taking a more cautious approach to the WLFI token, mainly because it is concentrated in the hands of a few holders. 

For context, the Trump family is estimated to hold about 15.75 billion tokens valued at about $6 billion. Some other big players hold billions of dollars’ worth of the token. A good example is Justin Sun, who now has WLFi tokens worth about $800 million after the token unlock. If such big players were to offload their tokens, the selling pressure could send the price significantly lower in the short term.

Broader Market Weakness Weighs Down On WLFI

The cautious approach towards WLFI also reflects the broader cryptocurrency market’s weakness. The momentum that recently pushed Bitcoin through $120k is waning, putting much pressure on altcoins. The WLFI token coming to the market at this point may not attract as much excitement as if it had come to the market at a different time.

However, macro factors could see WLFI rebound in the foreseeable future. The most important of these is the upcoming rate cuts in the US. The US Federal Reserve recently took a dovish tone and is expected to cut rates this month. This is expected to reignite bullish momentum in the cryptocurrency market and benefit WLFI.

Technical Analysis – WLFI Range Bound Hours After Launch

WLFI went downward immediately after launch, after an initial rally. However, the price is stabilizing. WLFI is currently consolidating between the $0.319 resistance and $0.211 support.

WLFI
Source: TradingView

If bulls take control and push WLFI through the $0.319 resistance, a rally to $0.50 could follow. On the other hand, if bears take control and push WLFI through the $0.21 support, the price could drop to as low as $0.10 in the short term.

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