A Bullish Chart Pattern Emerges

The World Liberty Financial (WLFI) token is showing signs of a potential comeback following a sharp flash crash on October 10. After hitting a low of $11.87, the price established a higher low at $13.30 and is now forming what technical analysts identify as a potential double bottom—a classic bullish reversal pattern. The key level to watch is the neckline resistance at approximately $15.55.

A decisive breakout above this price point would confirm the pattern, setting a potential target of $17.80. Reaching this level would mean WLFI has fully reclaimed its value from before the crash. Adding to the positive technical outlook, the 9-day Exponential Moving Average (EMA) has remained above the 21-day EMA for over a week, with both indicators sloping upward, signaling strengthening bullish momentum.

Fundamental Catalysts Add Support

Beyond the charts, two significant developments are fueling recovery hopes. Binance US announced that it will list WLFI for spot trading, a move that could provide a significant surge in trading volume. This increased liquidity might be the catalyst needed to push the price past the critical $15.55 resistance and validate the double-bottom setup.

Further supporting a potential uptrend, the World Liberty Financial governance community recently approved a token buyback and burn proposal. Under this new program, 100% of the fees generated from protocol-owned liquidity on Ethereum, Solana, and BNB Chain will be used to purchase WLFI from the open market. These purchased tokens will then be permanently burned, reducing the circulating supply and potentially increasing the value of the remaining tokens.

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