The World Liberty Project has taken a new management movement that is aimed at stimulating long-term growth and the WLFI prize.
Summary
- WLFI topped price is struggling to keep the $ 0.19 support zone.
- A new governance mood has been passed on to allocate 100% of the Treasury costs to Back and Burns.
- RSI at 40.23 indicates a weak momentum, but delivery reduction can feed a long -term rally.
- Toking is confronted with a strong sales pressure near the $ 0.21 – $ 0.22 zone, but has support for $ 0.18.
World Liberty Financial token Prize has been a steady decrease last week and 57% dropped below the all times of $ 0.46. The Trump-Stunder token trades at $ 0.19 at the time of the press, with about 4% losing for the day and about 14% a week.
However, a new governance decision may change the tide before token. In a September 25 updateThe project announced that the WLFI (WLFI) community has adopted a proposal to allocate 100% of Treasury liquidity costs on return and burns, aimed at reducing the circulating range of token. The proposal has been adopted with full support and is expected to be implemented this week.
The team added that it also promised to place every return and token fire as soon as they are performed. Given the supply of WLFI of 24.6 billion tokens, the move can take time to create enormous deflatory pressure.
The complete allocation of liquidity costs to reimbursements signals a strategic shift to long -term conservation, a movement that is often welcomed by token holders.
WLFI price drops below $ 0.20
Despite the news, the WLFI prize under Barmish remains busy. Token has been in a downward trend after experiencing resistance around the level of $ 0.25 earlier in the week.
Technical indicators support the weakness, with the relative strength index at 40.23, which is indicated Beerarish. Currently it is struggling to keep above the $ 0.19 support zone. If this level does not hold, the following support is around $ 0.18, while every upward movement will get a strong sales pressure near the $ 0.21 – $ 0.22 zone.
The decision to allocate 100% of the liquidity costs of the treasury to return and burns Bullish is in theory. However, whether it can reverse the WLFI price fall or can only be seen slowly is still to be seen.
