In a volatile crypto market, WLFI token showed its strength with a remarkable surge of over 30% within hours. This spike was no fluke, but a result of a significant political catalyst and a bullish technical setup creating a perfect storm.
The primary driver behind this rally was the announcement of a crucial vote in the US Senate. With a 60-40 score, senators advanced a bill aimed at reopening the American government, ending a shutdown that had been weighing on the economy. For a token like WLFI, which is closely tied to the Trump administration narrative, this news was perceived as a major political victory.
As analyst TheBearSoprano highlighted, WLFI “gained momentum” immediately following the announcement. The market interpreted the end of the shutdown as a sign of stability and efficiency from the current administration, which positively reflected on assets associated with the “Trump” brand, including WLFI.
This political catalyst confirmed an already solid technical structure. Before the explosion, WLFI showed signs of strength with higher lows, a typically bullish configuration. The announcement merely triggered the breakout from a consolidation phase.
Additionally, on-chain data revealed a massive spike in Open Interest, indicating an influx of fresh capital and renewed interest in the token. This combination of a strong political narrative and sound technical structure created an explosive cocktail.
After this dramatic surge, WLFI’s price sits at a critical level around $0.15, which must now act as support. If this level holds, the next resistance levels to watch are:
The path is still long to reach the ambitious $1 target mentioned by some analysts, but the current momentum is undeniably strong. The price’s ability to maintain above $0.15 in the coming hours will be decisive for what happens next.
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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