The World Liberty Financial (WLFI) token continues to decline, having broken through the $0.20 support level. Analysis indicates potential further price drops.
WLFI Price Drop
WLFI is now trading around $0.182 after dropping below $0.20, a level that previously acted as support. Price charts suggest the token may pause near $0.19 before pushing lower. Expected support levels are seen at $0.15 and $0.10.
Long Position Losses
Wallet 0x1527 holds a long position on WLFI, consisting of 34.52 million tokens valued at approximately $6.56 million with an average price of $0.25449. With WLFI near $0.19, the position shows an unrealized loss of about $2.22 million. Funding costs add further strain, totaling over $17,000.
Short Positions Generate Profits
In contrast to long holders, short traders like wallet 0x92bb have gained more than $1.8 million on their trade against WLFI. The drop below $0.19 has created a disparity in outcomes for traders on opposite sides of the market.
Market watchers are now focused on whether the $0.15 level will provide stability for WLFI. If this level fails, the next area to monitor is $0.10. The key question now is whether WLFI will test that mark.
