World Liberty Financial (WLFI) is moving in a downward direction despite the early signs of bullishness in the crypto market. According to CoinMarketCap, as of Friday, April 10, the WLFI price has declined by 12.8% over the last 24 hours and 17.53% over the last week.
At the time of writing, the token is trading at $0.0810, with a trading volume of $295.98 million, which has surged by 146.63% over the last 24 hours. However, its market capitalization stands at $2.57 billion, which is down by 12.8%.
Source: CoinMarketCap
Also Read: WLFI Alleges Coordinated Attack as USD1 Briefly Dips
WLFI Shows Recovery After Retesting Long-Term Support
Furthermore, the crypto analyst Bitcoin Meraklis shows that the token has once again retested a key historical support zone and is displaying early signs of recovery as buyers step in to defend the level.
After a prolonged downtrend since listing, price action suggests possible stabilization. However, the broader bearish structure remains intact, and traders are watching closely for confirmation of a momentum shift.
Source: Bitcoin Miraklis’ X Post
A breach by WLFI above its downtrend line would be indicative of a possible reversal move that clears the way to move higher towards areas of resistance.
The resistance levels are forecasted to be $0.1224, $0.1646, and $0.2214. This would serve as a marker to cash in on profits for each milestone reached.
Technical Outlook Reveals Strong Bearish Pressure
According to TradingView, WLFI reveals a continuous bearish movement with a fall of 8.16% to $0.08141. Price movement is still seen significantly below the MA ribbon, with $0.09745 for the 20-day SMA being the critical overhead resistance level. The movement indicates continuous selling pressure amid fresh low touches throughout 2026.
Source: TradingView
Momentum indicators point to bearish extremes, with the RSI indicator falling sharply to over-sold levels of 25.25.
This indicates that the ongoing sell-off may be an exaggerated situation, but there are no indications of any coming reversals from the candlestick formations. The difference between the current price level and the 200-day moving average of $0.13739 is significant.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: WLFI Nears Breakout Toward $0.155–$0.16 Following New Staking Rules
