The World Liberty Financial (WLFI) token, backed by Donald Trump, is gaining significant attention in the cryptocurrency market due to its recent price surge of 31%.
WLFI Price Surge
Currently, WLFI token shows an impressive increase, which may indicate further upside. As the spot listing scheduled for September 1st approaches, investors are actively monitoring its dynamics.
WLFI Chart Analysis
According to the 4-hour chart, WLFI is forming an ascending broadening wedge pattern. This pattern is often considered bearish, but in cases of strong momentum can lead to powerful upside breakouts. The recent bounce began from the lower support around $0.26 and pushed the price above $0.359, signaling a potential higher high formation.
Future Prospects for WLFI
With just hours left until the WLFI listing, all eyes are on how the token performs around its upper resistance trendline near $0.42. If buying pressure remains strong, WLFI could surprise the market with an upside breakout, creating additional opportunities for gains. Conversely, rejection at the upper resistance line could trigger a pullback to retest the lower support zone around $0.29.
The evident rise of WLFI and the upcoming listing create an atmosphere of anticipation in the market, and the token's actions on listing day may significantly influence its short-term prospects.
