$WLFI Tests Major Supply as Momentum Slows
WLFI/USDT has shown strong bullish displacement from its recent lows, forming a rapid recovery into a clearly defined resistance zone. The approach into supply triggered immediate selling pressure, visible through sharp rejection candles and stalled momentum near the highs. Price is now hovering beneath resistance, indicating hesitation and potential distribution.
The structure shows a likely short-term retracement scenario, targeting mid-range liquidity where previous consolidation occurred. A deeper pullback toward lower support cannot be ruled out if buyers fail to maintain structure.
Conversely, a clean breakout and sustained hold above the resistance block would signal renewed bullish strength and continuation potential. The chart currently reflects compression beneath supply, suggesting an imminent directional expansion.