WLFI Price Outlook: Is $0.16 the Next Stop?
Data from both the spot and derivatives markets indicate declining interest in WLFI, raising concerns that the token may revisit its all-time low of $0.16. This shift in sentiment is reflected in both trading volume and technical indicators, painting a bearish short-term outlook.
An analysis of the WLFI/USD 4-hour chart shows a continued decline in the Chaikin Money Flow (CMF) indicator, which currently sits at -0.13. The CMF tracks buying and selling pressure using both price and volume. Values below zero suggest that sellers are dominating the market.
“A negative CMF reading indicates distribution and weak demand,” as noted by technical analysts monitoring the asset’s performance.
This persistent downward trend reinforces concerns of further price weakness, particularly if accumulation fails to materialize.
Futures Market Data Reflects Weak Conviction
Further evidence of waning trader confidence is visible in the futures market. WLFI’s open interest has fallen to $802.84 million—a 5% decline over the past 24 hours. Open interest measures the number of active derivative contracts and is often used to gauge participation and sentiment.
“A decline in open interest suggests traders are closing positions, signaling a retreat from the market,” experts suggest.
This contraction points to a lack of conviction among participants, reinforcing the bearish outlook.
