In WLFI’s case, the broader trend remains firmly bearish, increasing the risk that the triangle resolves to the downside. A decisive break below its rising trendline support near $0.055–$0.057 could confirm the bearish continuation setup.
The triangle’s measured move, calculated using the pattern’s maximum height, puts WLFI’s downside target near $0.043, or roughly 30% below current prices.
The bearish outlook is further supported by WLFI trading below its 100-day (purple) and 200-day (blue) exponential moving averages (EMAs), showing that the token’s longer-term trend remains under pressure.
The Bullish Case
A decisive daily close above the triangle’s upper trendline and the 50-day EMA (red) near $0.061 would weaken the bearish setup. WLFI has already reclaimed its 20-day EMA near $0.059, while its daily RSI has moved above 50, showing improving short-term momentum.
Source: Original Article
