Analysis: what is behind the current solid surge of WLFI?

Source: CritpoTendencia Original Title: Analysis: What is behind the current solid rebound of WLFI? Original Link: WLFI, the token of the World Liberty Financial project, has regained strength in the last day and has surpassed levels not seen since October 10. It has recently shown a recovery after a period of uncertainty in the market, although it later corrected from the daily highs.

At the time of writing, WLFI is priced at $0.160 with daily gains of 2.7%, weekly gains of 14.5%, and monthly gains of 11.6%. It is a significant recovery considering the lows of November 20 ($0.117).

What is behind the current levels and movements of WLFI?

The rise of WLFI is driven by strong purchases and technical signals that reinforce this scenario.

In the last three days, several WLFI whales have withdrawn more than $31.95 million from exchanges. During the same period, these investors have also added nearly 300 million WLFI tokens to their portfolios, indicating renewed bullish interest from the most significant investors. A single wallet acquired 165.79 million tokens.

Someone created a new wallet 0xEFA1 and spent 25M USD to buy 165.79M WLFI at $0.1508 in the last 3 days.

On the other hand, the WLFI community has been optimistic about the fact that World Liberty Financial decided not to use its own WLFI tokens to obtain liquidity and instead sold its holdings in TRX. With this operation, they achieved a profit of 1.4 million dollars. This type of management is well received, as it demonstrates careful financial management.

Analysis of WLFI Charts: Key Levels to Consider

WLFI had been moving in a fairly limited range for several weeks, but recently began to show a bullish trend with higher lows. The momentum increased when the token managed to break above the key area of $0.158.

Resistance to consider:

• $0.161: the immediate resistance level corresponding to the EMA 20 and 50.
• $0.174: a strong resistance that represents not only the daily high but also the high in a month and a half.
• $0.190: a relevant area around a psychological level.

Supports to watch:

• $0.156: an immediate support level that coincides with the daily low.
• $0.140: the strongest level in the short term corresponding to the minimum of November 24.
• $0.113: the lowest support, in line with the lows of November 21.

The RSI at 48.6 points shows that the price of WLFI is currently in a struggle against bearish forces. However, the momentum is strong and, in the short term, new and slight rebounds are feasible.

Important data to consider about WLFI

On November 26, the open interest of WLFI nearly reached 288 million dollars. This increase shows that confidence is returning and that the market is shifting from a defensive stance to taking on more risks.

After several weeks, in September and October, during which outflows frequently ranged from 10 to 30 million dollars, it was reported that on November 26 there was a much lower net inflow of 1.47 million dollars.

Despite the current gains, the price of WLFI is today at -65% of its all-time high, located at $0.46 and reached on September 1st.

Finally, it is worth mentioning the launch of the strategic reserve wallet of World Liberty, which makes automatic purchases on CowSwap. So far, it has acquired nearly $1.2 million in WLFI, as part of a program that contemplates a total of $11 million allocated for this type of operations.

The strategic reserve wallet of World Liberty has initiated a TWAP purchase of $11 million of its own WLFI token on CowSwap. They have already purchased around 1.2 million dollars; the purchase rate is 131,000 dollars every 5 minutes and 5 seconds. About 10 million dollars are still needed.