The cryptocurrency market is witnessing notable volatility today as Bitcoin (BTC) and Ethereum (ETH) trade slightly in the red, adding mild pressure across several altcoins. Despite this, World Liberty Financial (WLFI) is holding firm and showing early resilience.
WLFI is trading in the green with an impressive weekly jump of 29%. More importantly, its latest chart structure suggests that a larger bullish move may be developing, driven by a classic breakout-and-retest pattern.
Descending Broadening Wedge Retest
As highlighted in the 4-hour chart, WLFI spent several weeks consolidating inside a descending broadening wedge—a bullish reversal formation that often signals the end of a prolonged correction phase.
After steadily compressing within this structure, WLFI broke out above the wedge’s descending resistance line near $0.1492, marking the first strong technical shift in momentum since early Q4. This breakout move pushed the price toward a local high of $0.1633, where short-term profit-taking briefly slowed the advance.
The pullback that followed turned out to be a textbook breakout retest. WLFI dipped back to retest the broken resistance—now acting as support—around $0.1497, held firm, and bounced strongly. This bounce confirms that bulls are defending the breakout zone and maintaining control of the trend.
At the time of writing, WLFI trades near $0.1554, suggesting renewed accumulation interest around current levels.
What’s Next for WLFI?
If WLFI continues to respect its bullish breakout structure, the next resistance to watch is $0.1633, the previous local high. A strong reclaim above this zone would signal continuation of the uptrend, with potential for the price to advance toward the measured target of $0.1917—derived from the wedge’s height projection.
This would represent an estimated 23% potential upside from current prices if the bullish pattern fully plays out.
Conversely, if the token fails to sustain above the breakout trendline, it could invalidate the pattern in the short term, leading to a temporary cooling-off period before any larger move resumes.