🔥 $WLFI Price Update: Trade Setup or Just a Bull Trap?
WLFI is grinding at $0.1976, after bouncing from the $0.1611 low that almost buried it. The one-hour chart shows EMAs crossing up, giving retail traders some false hope of a breakout. But let’s not ignore the bigger picture: price is still pinned under the EMA(99) at $0.2034 like a ceiling it can’t break. Until that flips into support, every little pump smells more like bait than strength.
Volume is showing retail enthusiasm, but real conviction is missing. The so-called “47M token burn” barely moved the needle, proving the market doesn’t buy cosmetic tricks anymore. If $WLFI can’t hold above $0.20–$0.21, prepare for another slide back to $0.16 or worse, $0.10 if bears keep pressing.
For the brave, the setup is simple:
Break and hold above $0.21 = chance to ride it toward $0.25–$0.30.
Fail at resistance = welcome back to bargain-bin pricing below $0.17.
Verdict? Short-term trade only, long-term holders need stronger painkillers. WLFI looks like a quick scalp opportunity, not a solid investment.