WLFI slips to $0.209 as bearish flows trigger breakdown below triangle support

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WLFI bearish flows and technical breakdown weigh on sentiment

Highlights

- WLFI closed at $0.2097 on September 22, down 2.47% as bearish flows intensified.

- Spot outflows hit $17.4 million in one day, reflecting strong selling pressure.

- Key support at $0.20 remains critical, with risks extending to $0.18 if broken.

Spot market data from Coinglass reflected the intensity of selling, with $17.4 million in net outflows recorded in a single session, signaling that traders were aggressively unwinding positions.

Technical breakdown undermines sentiment

From a chart perspective, WLFI has struggled to overcome repeated resistance near the $0.24–$0.25 zone. The latest retreat forced the token beneath its 20-, 50-, and 100-period EMAs, clustered between $0.227 and $0.222, which have now turned into resistance.

WLFI price dynamics (Source: TradingView)

Momentum indicators also show stress: the RSI at 38.7 is approaching oversold territory, highlighting persistent selling pressure but also leaving scope for a short-term relief bounce if $0.20 holds as psychological support. A decisive break below $0.20, however, risks extending losses toward $0.18, an area of previous liquidity concentration.

Outflows weigh on recovery prospects

The deterioration in spot flows adds to the cautious outlook. Sustained outflows over recent sessions indicate that larger holders are reducing exposure rather than accumulating dips.

This trend undermines confidence in recovery attempts and suggests that any rebound toward the EMA cluster near $0.222–$0.227 will face resistance until inflows return. Unless investor demand re-emerges, WLFI may remain trapped in a downward trajectory.

Long-term outlook hinges on stability at $0.20

Despite its near-term weakness, WLFI remains a project that attracts speculative attention given its volatility and political associations. The $0.20 level has become a key battle zone: holding above it may allow the token to consolidate and stage a gradual recovery, while persistent outflows would keep the bias tilted lower. Market participants will closely watch for signs of renewed inflows, which would represent the first signal of investor confidence returning.

Previously, we highlighted WLFI’s bullish potential following approval of its buyback and burn proposal, which was seen as a structural step to tighten supply. The latest breakdown shows how quickly sentiment can turn when flows reverse, underlining that the token’s path forward will remain tied to whether positive liquidity returns.

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