The price of World Liberty Financial (WLFI) has surged more than 50% against Bitcoin (BTC), currently trading near $0.15 while Bitcoin remains below $100,000. This movement comes amid a climate of fear in the broader cryptocurrency market. Traders are increasingly looking to WLFI as a potential leader in the upcoming altcoin season, particularly as we approach 2025.
WLFI has shown a distinct reversal pattern on its price chart, driven by rising open interest and renewed demand from whales. This renewed interest is particularly notable following the October leverage flush, where WLFI has outperformed Bitcoin significantly. Currently, the WLFI/BTC pairing reflects a strong upward trend, capturing the attention of traders searching for promising altcoins.
In the daily timeframe, WLFI/USD has been establishing a potential reversal pattern, with significant resistance noted around $0.1535. An inverse head and shoulders (H&S) formation is emerging, suggesting bullish potential. A consistent close above $0.15 in the upcoming weeks would bolster optimistic sentiment regarding WLFI. The Relative Strength Index (RSI) has displayed a rising divergence, while the Moving Average Convergence Divergence (MACD) has issued a buy signal, crossing above both the signal line and the zero line.
Despite the current extreme fear gripping the market, data from Santiment indicates that such sentiments often precede bullish momentum. The Fear and Greed Index recently dipped to 17/100, indicating deep apprehension among traders. Historically, these fear spikes have been followed by market recoveries.
Significant whale activity has been observed with WLFI, particularly in light of its ties to high-profile figures, including former U.S. President Donald Trump. Recently, LibertyFi, a Swiss-based investment fund, disclosed their acquisition of 7,776,571 WLFI tokens, valued at approximately $1.14 million, underscoring growing institutional interest.
To maintain the bullish trajectory, WLFI must sustain trading above the critical support level of $0.11, which has historically provided a safety net during market pullbacks. A drop below this threshold could trigger fears of a deeper correction and shift market sentiment towards a bearish outlook for the asset.
As 2025 approaches, WLFI”s performance will be closely monitored by traders and analysts alike, with the potential for significant movements as macroeconomic conditions evolve.
