Tag: support zone

WLFI price coils at $0.15, accumulation pattern signals bullish rally ahead

The post WLFI price coils at $0. 15, accumulation pattern signals bullish rally ahead appeared com. WLFI price consolidates near $0. 15, showing signs of accumulation that could spark a bullish expansion toward the $0. 19 resistance zone. Summary WLFI holds above $0. 15 value area low, signaling strong demand. Accumulation pattern suggests a potential rally toward $0. 19 resistance. Maintaining higher-low structure at $0. 15 keeps the bullish trend intact. WLFI (WLFI) price is showing early signs of strength as price action consolidates near the $0. 15 level, forming what appears to be an accumulation phase. This structure follows weeks of corrective movement and now hints at a potential bullish expansion if support continues to hold. The market is finding stability near the value area low, a historically strong support zone that has served as a foundation for prior upward moves. WLFI price key technical points: Support Zone: Price continues to hold above the value area low at approximately $0. 14-$0. 15. Accumulation Phase: Price structure indicates ongoing accumulation with demand returning at lower levels. Resistance Target: The next major resistance sits at $0. 19, aligning with the point of control. Price action has maintained stability above this support region for several days, highlighting persistent demand at lower price levels. The point of control (POC) near $0. 19 remains the most significant resistance on the chart. This area represents a heavy volume node where prior supply emerged, making it a key level to watch for a breakout attempt. If price reclaims this level with bullish volume, it could trigger a continuation rally toward higher resistances. The 4-hour market structure also reinforces this bullish scenario, with the recent higher low at $0. 14 establishing a clear trend of upward continuation. As long as WLF maintains this higher low formation, the probability of a move toward $0. 19 remains elevated. Maintaining price action above the value area low will be.