WLFI Slides Toward $0.16 All-Time Low as Market Pressure Mounts

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World Liberty Financial’s WLFI, a token linked to US President Donald Trump, has dropped 7% over the past week, signaling mounting bearish pressure in the market.

Data from both spot and derivatives markets suggest waning trader interest, heightening concerns that the token could revisit its all-time low of $0.16.

WLFI Bears Tighten Grip

An assessment of the WLFI/USD four-hour chart has revealed a steady decline in the token’s Chaikin Money Flow (CMF). This key momentum indicator sits below the zero line at -0.13, and is in a downward trend as of this writing. 

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WLFI CMF. Source: TradingView

The CMF indicator measures buying and selling pressure by combining price and volume data. A positive CMF reading signals strong buying activity and accumulation, while a negative value indicates selling pressure and distribution. 

WLFI’s negative and downward-trending CMF suggests that sellers currently dominate the market. This reflects weak demand and reinforces the risk of a further dip toward its all-time low.

Furthermore, its futures open interest has declined steadily, confirming the broader negative sentiment in the market. At press time, it was $802.84 million, plummeting 5% in the past day.

WLFI Futures Open Interest. Source: Coinglass

Open interest refers to the total number of outstanding futures contracts that have not been settled, serving as a gauge of liquidity and trader participation in the derivatives market. 

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Rising futures open interest reflects growing interest and conviction in a token’s price direction, while a decline indicates traders are closing positions and withdrawing capital. 

In WLFI’s case, the drop in open interest signals fading confidence, as market participants are exiting trades rather than opening new ones.

WLFI Under Pressure — $0.16 or a Rally Above $0.22?

With demand showing little improvement, WLFI faces an increasing risk of further losses. If selling continues, the token could revisit its all-time low of $0.16, and charge lower if selloffs strengthen. 

WLFI Price Analysis. Source: TradingView

However, if new demand enters the market, the altcoin’s value could surge above $0.22. 

The post WLFI Slides Toward $0.16 All-Time Low as Market Pressure Mounts appeared first on bitcoinlinux.

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