Bullish Momentum Builds as WLFI Gains 13% — Is $0.20 the Next Stop?
- WLFI jumped 13% after Trump pardoned Binance founder Changpeng Zhao, boosting investor sentiment.
- Whales and retail traders accumulated millions of WLFI tokens, signaling strong market confidence.
- If demand holds, WLFI could break $0.18 and aim for the $0.20 target.
World Liberty Finance’s WLFI is turning heads again after a sharp 13% daily jump. The token bounced strongly from the $0.11 support and touched a local high of $0.15 before slightly cooling off. With prices now hovering near $0.142 and trading volume surging 141% to $412 million, traders are watching closely. The question on everyone’s mind is clear: can WLFI extend this rally toward the $0.20 mark?
Trump’s Pardon Sparks Renewed Confidence
The recent market excitement followed a surprising political twist. Former President Donald Trump officially pardoned Changpeng Zhao, the founder of Binance. Zhao had served a short four-month prison sentence for violating the Bank Secrecy Act, while Binance paid a hefty $4 billion fine. His clean record now opens the door for a possible return to leadership.
This move reignited optimism among Binance supporters and WLFI investors alike. Zhao had previously endorsed WLFI during his public push for a pardon. Once news of the pardon broke, buyers rushed back into the market, signaling renewed faith in the token’s potential. Data backs this sentiment. On October 23, WLFI saw $283.81 million in buy volume against $281 million in sell volume.
This produced a positive delta of 2 million, showing clear accumulation from traders. The following day, buyers grabbed over 49 million tokens, extending the bullish momentum. Exchange data confirmed the trend. CoinGlass reported a sharp drop in spot netflow to -$1.27 million from $2.24 million the previous day.
A negative netflow usually reflects more tokens leaving exchanges for storage, often a bullish indicator. Meanwhile, Nansen data revealed that top WLFI holders increased their positions by 12.9 million tokens after weeks of selling. That shift from distribution to accumulation signals growing confidence among large investors.
Technical Signals Point to More Upside
Momentum indicators now reflect strong buying pressure. WLFI’s Sequential Pattern Strength hit 9.8, suggesting clear dominance from buyers. The Stochastic RSI also jumped to 82, showing that momentum remains strong but hinting at possible volatility ahead. Historically, such momentum often precedes sharp upward continuation, though brief pullbacks can occur.
If demand remains steady, WLFI could test the $0.18 resistance next. A clean break above that level may clear the path to $0.20, which would mark a full recovery from recent lows. However, traders should stay cautious. Rapid rallies often attract profit-taking, which can cause short-term dips.
Should that happen, support at $0.11 will remain critical for maintaining bullish structure. A strong defense at that level could invite another wave of buyers.WLFI’s combination of renewed investor enthusiasm, whale accumulation, and strong technical momentum paints a compelling short-term outlook.
