WLFI Price Prediction: Burn Event and Chart Pattern Create Hope for Holders

WLFI has been trading in a tight range between $0.22 and $0.25 over the past 24 hours, showing sideways movement but also signs of steady accumulation. At the same time, there’s on-chain activity worth mentioning: LookOnChain reported that WLFI burned 47 million tokens worth about $11.34 million just eight hours ago. Token burns like this reduce supply and often create bullish momentum if demand starts to pick up.

What CryptoCandy’s Chart Is Showing

CryptoCandy highlighted WLFI’s 1-hour chart, which shows a symmetrical triangle pattern forming after a recent price spike. The WLFI price has been consolidating inside this triangle, with higher lows meeting lower highs. This kind of setup usually means traders are in an accumulation phase, waiting for a decisive move.

The chart also shows two key resistance levels at $0.2579 and $0.2849. A successful breakout above these levels could unlock a strong rally, especially given the backdrop of reduced token supply from the burn. On the downside, support is holding near $0.2141–$0.22, making this zone crucial for bulls to defend.

The reason CryptoCandy expects a breakout is simple: WLFI is tightening into the apex of the triangle, which typically precedes a sharp move in either direction. Combined with the recent burn event and growing accumulation on lower timeframes, the probability leans bullish. The setup suggests that traders are positioning themselves for upside rather than further decline.

WLFI Price Prediction

If WLFI breaks above $0.2579 with strong volume, the next major target sits near $0.2849. Clearing that zone could open the door to $0.34, as shown in the chart projection. On the bearish side, a failure to hold $0.22 could see price retest $0.2141, but given the supply burn and current accumulation, bulls have the upper hand.

In the short term, a rally toward $0.28–$0.34 looks likely if WLFI can maintain momentum and break out of the consolidation range.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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