With the fear staying intact, the cryptocurrency market has ranged a brief bullish call as of December 26. The majority of the assets are currently facing mixed signals, which include Bitcoin (BTC) and Ethereum (ETH). Meanwhile, World Liberty Financial (WLFI) has posted a 7.56% gain in value in the last 24 hours.
WLFI was trading at a bottom range of $0.1335 in the early hours, and the bullish wave has triggered the price to move up to a high of $0.1447. Notably, upon the active uptrend staying, it may invite additional gains, and will also seek to escape the broader bearish hold.
The CoinMarketCap data has revealed that at the time of writing, World Liberty Financial trades within the $0.1436 zone, with its market cap touching $3.81 billion. Besides, the asset’s daily trading volume has exploded by over 94.34%, reaching the $105.2 million mark.
Can World Liberty Financial Maintain its Upward Trajectory?
The technical analysis of World Liberty Financial reports that the Moving Average Convergence Divergence (MACD) line is above the signal line, indicating bullish momentum. The buying pressure is strengthening, and the trend may continue upward.
Moreover, WLFI’s Chaikin Money Flow (CMF) indicator at 0.20 suggests strong buying pressure in the market. The money is flowing into the asset, showing accumulation. Also, the strength is relatively high, pointing to healthy bullish momentum.
With the recent trading pattern of World Liberty Financial, the price might test the crucial resistance at $0.1460. More pressure on the upside could trigger the golden cross to take place, and take the asset’s price above $0.1485. Conversely, a bearish shift could push the World Liberty Financial price down to the $0.1411 support. Further downside correction might strengthen the bears and initiate the death cross to emerge, and drive the price below $0.1375.
Furthermore, the market sentiment of WLFI is bullish, approaching overbought territory, with the daily Relative Strength Index (RSI) value at 69.67. The buying momentum is strong, and there is still upside potential, but the risk of a short-term pullback is increasing. World Liberty Financial’s Bull Bear Power (BBP) reading of 0.0100 implies slight bullish dominance. As the magnitude is modest, the bullish momentum is weak but not very strong.
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