World Liberty Financial reclaims key support, signals early bullish reversal
World Liberty Financial (WLF) has reclaimed the critical $0.13 high-timeframe support, signaling a potential bullish trend reversal. The move was confirmed by a strong bullish candle and rising open interest, reflecting increased investor confidence. Key technical milestones include establishing a new local high below $0.18 resistance and restructuring the market to form a higher high. Sustained price action above $0.13 and further open interest growth could trigger a rally to $0.18, with prospects for a broader bullish expansion.
Overview of WLF's Support Reclaim
World Liberty Financial (WLF) has reclaimed the critical $0.13 high-timeframe support, sparking optimism about a potential trend reversal. This recovery was confirmed by an impulsive bullish candle and rising open interest, signaling a possible turning point for the token. While a break above $0.18 could initiate a new bullish phase, the recent move highlights growing investor confidence in the Trump family’s crypto venture.
Key Technical Achievements
WLF's critical technical milestones include:
- Reclaiming $0.13 support: Marked by a robust bullish candle.
- Market structure shift: The token formed a new local high, signaling the possibility of reversing its previous corrective phase.
- Open interest rise: Increased futures open interest reflects renewed investor participation and confidence in WLF's upward momentum.
Demand Return and Market Restructure
The reclaim of the $0.13 support level is an important milestone, signaling that demand is returning to the market. Buyers have shown strong willingness to defend this price level, forming a local top just below $0.18 resistance—a key level that previously triggered selling pressure. Additionally, this rebound has restructured the market by establishing a new higher high, indicating the early stages of a broader bullish trend.
Importance of $0.13 Support and Next Targets
To confirm this bullish momentum, price action must establish a higher low around the $0.13 level. If this level holds, price is likely to continue its rally toward the $0.18 resistance. A sustained close above this resistance could pave the way for longer-term bullish expansion, provided the market structure remains intact.
Rising Open Interest as a Bullish Indicator
One of the key indicators supporting this bullish outlook is the rise in open interest, as tracked by CoinGlass. This increase reflects growing speculative interest and confidence among traders betting on higher prices. As long as open interest continues rising alongside price action above the Point of Control, the probability of a continuation rally toward $0.18 and beyond increases significantly.
What to Expect in the Coming Weeks
If WLF can maintain its position above $0.13 and open interest continues to rise, the price action is expected to form a new higher low, solidifying the foundation for a rally toward $0.18 resistance. A confirmed breakout above $0.18 would signify a complete market structure shift, opening possibilities for a larger bullish expansion phase in the upcoming weeks.