February 24 News: World Liberty Financial (WLFI) has fallen about 8% in the past 24 hours, weakening after breaking below the key $1 level. Previously, WLFI was forming a bullish cup-and-handle pattern, but recent price fluctuations have been mainly driven by leverage liquidations rather than long-term investor selling.
On-chain data shows that WLFI’s largest holder wallet has increased its holdings from 8.23 billion to 8.56 billion tokens since February 19, adding about 330 million tokens, worth approximately $35 million. This indicates that whales have been actively accumulating during the price decline, reflecting confidence in a future recovery. Meanwhile, exchange inflows have dropped from 128 million to just 8.9 million tokens, a nearly 93% decrease, suggesting retail investors are less willing to sell.
From a technical perspective, WLFI’s key resistance is at $0.125. Breaking above this level could confirm the cup-and-handle pattern and potentially push the price toward $0.166. If buying pressure persists, there is even a chance to reach $0.200. On the downside, falling below $0.101 would weaken the pattern, and dropping below $0.095 would completely invalidate the bullish outlook. The Relative Strength Index (RSI) previously showed a hidden bearish divergence, indicating short-term rebounds might be limited, but current market sentiment has recovered from lows, and panic is gradually subsiding.
This decline is related to the Silvergate Bank incident from February 16-18, where after a short-term 32% rally, leveraged longs were liquidated, intensifying the short-term correction. Nonetheless, whale accumulation and reduced retail selling provide support, and the market remains at a critical juncture.
Overall, WLFI’s short-term trend depends on whether buying can rebuild confidence and break through the $0.125 resistance. Success could lead to a technical rebound; if downward pressure continues, breaking below $0.101 or even $0.095 would increase bearish risks. Whale activity and exchange fund flows will be key signals to watch for market recovery and rebound.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks.
In a Saturday post on X, Kiyosaki pointed to 1974 as a
Cointelegraph33m ago
DOGE Defends Key Support While On-Chain Activity Increases
DOGE active addresses jumped 28% in one week, showing growing network engagement.
Price holds critical levels near $0.0912–$0.0928 despite minor dips.
Breaking above $0.0930 could target $0.0950, $0.0980, and potentially $0.10.
Dogecoin — DOGE, has shown interesting movements this week,
CryptoNewsLand1h ago
Is Bitcoin mispricing a prolonged Iran war? Ex-hedge fund manager weighs in
James Lavish warns Bitcoin holders that continued conflict in Iran could trigger inflation and market downturns. While Bitcoin may face further declines, he sees potential long-term opportunities. He discusses the impact of global economic pressures on investments.
Cointelegraph2h ago
10x Research: Tether’s USDT issuance on Ethereum surpasses Tron—ETH could become the main beneficiary of stablecoin growth
10x Research noted that over the past five years, Ethereum (ETH) has performed lackluster, with its price trading around $2,000, mainly due to weak on-chain activity leading to insufficient demand. After falling 57% from its 2025 peak, ETH’s current valuation remains low, while capital accumulation is still ongoing; USDT’s issuance has surpassed Tron, sparking discussion that ETH could become a leading beneficiary of stablecoin growth. Analysts are now re-evaluating ETH’s potential turning point.
GateNews2h ago
Bitcoin Holds Steady Near $67K Amid Bullish and Geopolitical Tension
This weekend, Bitcoin ($BTC) has shown a steady performance in line with a blend of technical and geopolitical outlook. In this respect, Bitcoin ($BTC) is changing hands at $67K with significant support levels at $64K and $65K and notable resistance at $74K. As per the data from CRYPTO Damus, the
BlockChainReporter2h ago
XRP Trading Volume Drops by 50% as the Altcoin Records Six Consecutive Red Monthly Closes
XRP trading volume drops by 50%, feeding bearish expectations.
The altcoin records six consecutive red monthly closes.
Could this be the longest coil for XRP before the biggest launch?
The crypto community is disheartened to see the
CryptoNewsLand5h ago
