🚨 Technical analysis of the $WLFI coin | Daily timeframe

💰 Current price: 0.0946$ 📈 (+5.78% over 24h)

📉 Overall trend: Bearish

🔸 The price is moving within a clear downward trend, continuing to form lower highs and lower lows, confirming the sellers' dominance over the overall trend.

🔸 A clear break of previous support areas with accelerating negative momentum reflects the weakness of any real rebound attempts so far.

🛡️ The area between 0.0925$ and 0.0975$ represents an important current support, and the price is trading near it, and we may witness a temporary technical rebound from it.

⚠️ In case of a clear daily close below this area, the decline may extend towards deeper demand areas near $0.0975.

🔺 On the upside, the area at 0.1374$ remains the first major resistance, followed by a stronger supply area near $0.1225, and any rise towards resistance areas is considered a correction within the downward trend unless it is breached and closed above.

📊 The RSI indicator is moving below the 50 level at 36.93, reflecting the weakness of the current momentum.

❗️This is a technical analysis and not an investment advice.