- World Liberty Financial’s price traded to highs of $0.1145 in the early hours on Monday.
- The WLFI token could break to $0.14 or higher if bulls hold.
- Broader market conditions may derail the momentum.
WLFI, the native token of the World Liberty Financial project, posted double-digit gains early on Monday, rebounding from losses that saw prices slide to lows near $0.09 on Friday.
Data from CoinMarketCap showed WLFI climbing more than 12% to intraday highs of $0.1145, placing it among the day’s top performers alongside Axie Infinity.
The rally was supported by a sharp rise in trading activity, with 24-hour volume surging 98% to more than $228 million.
The move also coincided with Bitcoin and Ethereum hovering near $70,000 and $2,000, respectively.
The rebound suggests the token is attempting to recover quickly from the lows recorded during last week’s broader market sell-off.
WLFI price jumps to near $0.12
WLFI’s upward momentum propelled the token close to $0.12, with likely bullish drivers being a confluence of whale accumulation and an upcoming high-profile event.
Blockchain analytics firm Lookonchain reported that a new wallet had deployed $10 million in USDC to acquire 47.6 million WLFI tokens.
The large purchase was at an average price of $0.109, and data showed the whale still held more than $4.8 million of dry powder ready for fresh buying.
Adding to the bullish sentiment is the anticipation surrounding the World Liberty Forum.
The event is slated for February 18 at Mar-a-Lago, and could feature investment heavyweights from Goldman Sachs, Franklin Templeton, and FIFA.
These developments come despite the latest spotlight on World Liberty Financial from Democrats, largely around the $500 million investment into the project by the UAE.
Investors defying the negative sentiment from this development look to have added to the buying pressure that pushed WLFI toward the $0.12 supply wall.
World Liberty Financial price prediction
Technical indicators on WLFI’s four-hour chart point to a strengthening near-term outlook, with prices trading above the midline of a descending channel.
Further upside could see the token test the upper boundary of the channel.
From a technical perspective, this setup suggests the potential for a breakout, with a key supply zone located around $0.14.
Momentum indicators are also supportive. The Moving Average Convergence Divergence (MACD) has registered a bullish crossover, while the Relative Strength Index (RSI) is hovering near 47, indicating neutral-to-bullish conditions as the market recovers from earlier overbought levels.
Traders are now focused on $0.14 as the main resistance level.
A sustained move above this zone could open the way toward $0.16, where the upper Bollinger Band and previous support levels converge.
On the downside, a failure to hold support near $0.13 could trigger a pullback toward the lower end of the channel, around $0.10, underscoring the importance of strong volume confirmation for any further upside move.