WLFI Price Spikes 30% To Re-Enter Top 50 Cryptos

World Liberty Financial (WLFI) is showing signs of renewed strength after weeks of sideways movement.

The Trump-backed WLFI token has finally broken above a long-term diagonal resistance line, hinting that a bullish price trend may be underway.

WLFI Price Breaks Out

The daily time frame chart shows that the price of WLFI broke out from a diagonal resistance trendline on Nov. 8.

Before the breakout, the trend line had been in place since the September launch, preventing several breakouts beforehand.

After breaking out, WLFI reached a high of $0.170, moving above the $0.150 horizontal resistance area.

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However, the WLFI price failed to close above this area and is currently struggling to move above it.

Whether it does or not could determine whether WLFI hits the $0.24 resistance or gets rejected and falls to new lows.

Momentum indicators are relatively bullish. The Relative Strength Index (RSI) crossed 50, and the Moving Average Convergence/Divergence (MACD) is nearly positive.

In addition, bullish divergences led to the breakout, legitimizing it and increasing the likelihood of its success.

If WLFI closes above $0.15, it could quickly surge toward the next resistance level at $0.24.

Will WLFI Break Out?

A close look at the six-hour time frame chart reveals that WLFI has completed an A-B-C correction (black) since the September high.

Wave B formed a symmetrical triangle, and wave C had 1.61 times the length of wave A.

This is a sign that the decline is corrective and that the price of WLFI has begun a bullish trend reversal.

Afterward, WLFI completed another shorter-term A-B-C structure (red), which transpired throughout November.

The primary concern regarding the WLFI price action is the ascending parallel channel that has contained the movement since Oct. 10.

The WLFI price was rejected by the channel today, and the movement could be corrective as long as the price does not break out of the current range.

However, a breakout from the channel will also cause a breakout from the $0.150 resistance area, which could catalyze a much larger price rally.

Uncertain Trend Ahead

Overall, WLFI’s recent breakout, backed by bullish technical indicators, suggests potential upside ahead.

A daily close above $0.150 would likely confirm strength and open the door toward the $0.240 resistance area.

Conversely, failure to clear this level may lead to a bearish trend reversal.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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