Trump-Associated WLFI's 40% Drop Results in Millions Lost for Crypto Investors: Finance Redefined
Whales suffer losses on WLFI token: Big cryptocurrency investors, or whales, have lost millions on the Trump family-linked World Liberty Financial (WLFI) token, which has seen a price drop of over 40% since its launch, despite a token burn aimed at boosting value.
Confidence wanes among investors: While 60% of pre-sale participants are still holding WLFI tokens, many whales are exiting their positions at a loss, indicating a decline in confidence regarding the token's future price performance.
Avalanche blockchain activity surges: The Avalanche blockchain has experienced a 66% increase in transaction activity, driven by decentralized finance (DeFi) trading, automated trading bots, and speculation on new memecoins, following its adoption by the US Department of Commerce for GDP data publication.
DeFi lending protocols see significant growth: Decentralized finance lending protocols have surged over 72% year-to-date, attributed to increased institutional adoption of stablecoins and tokenized assets, with notable growth from platforms like Maple Finance and Euler.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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