WLFI under bearish pressure: Can the $0.11 support hold the fall?

The WLFI token faces an increasingly challenging technical landscape as the bears intensify their market control. With the current price hovering around $0.16, the altcoin is struggling to recover after reaching three-week lows of $0.1215 last week. Although it experienced a 12% rebound to $0.1371, the lack of momentum allowed sellers to regain control, leaving the token now trading with an annual decline of 28.19% from its all-time high of $1.10 in September.

Bearish Pressure and Downside Targets

The current dynamics clearly favor the bears. The token failed to break above the 20- and 50-day moving averages located at $0.14, a barrier that would have indicated a possible bullish reversal. The inability of buyers to sustain the momentum suggests that selling pressure remains dominant in the short term.

Technically, the bears have set their next target in the critical support zone of $0.11-$0.10. This range is not arbitrary: historically, it has generated rebounds twice this year and coincides with the 23.60% Fibonacci retracement. Market profile analysis supports this conclusion, showing that the Value Area Low is precisely in this range, accumulating multiple support signals.

If this level fails, the bears could push the price toward the all-time low of $0.07, last seen in October.

Technical Signals Indicating Possible Stabilization

Despite the bearish dominance, there are signs that a reversal could be forming in the short term. The Relative Strength Index (RSI) stands at 38, approaching oversold territory without officially entering it. Historically, these levels have marked inflection points where buyers step in to accumulate at depressed prices.

Technical traders are watching two scenarios: if WLFI finds support at $0.11-$0.10, the next bullish target would be to revisit the moving averages at $0.14 (coinciding with the 38.20% Fibonacci level). From there, gains could extend toward $0.1640 (50% retracement) and ultimately to resistances at $0.1666-$0.1760.

On-Chain Data Reinforces Weakness

Liquidation analysis reveals that bears are gaining ground through structured pressure. Approximately $143,000 was liquidated in the last day, mostly from long positions: $127.11 in longs versus only $15.89 in shorts.

This imbalance indicates a potential “long squeeze” where bullish traders are forced out of their positions, triggering a cascade of liquidations that drag prices downward. However, open interest remains relatively stable around $213 millions, suggesting that although there is position rotation, overall interest has not evaporated.

Reduced volatility reflects a market in wait-and-see mode. Participants seem to be awaiting a clear catalyst before committing significantly in either direction. For now, price action will likely fluctuate according to liquidation pressures and the overall signals emerging in the coming sessions.

The conclusion is clear: while the bears maintain the narrative control, the technical support at $0.11-$0.10 represents the first line of defense where buyers could stabilize the market and prepare for a potential rebound.