The Trust Layer for Market Analysts

The video provides a technical analysis of WLFUSDT. The price was at 24 cents before the last analysis, and it is now at 0.382 Fibonacci level. The analyst expected a pullback and then a continuation to 27 cents, where a fair value gap and the 0.5 Fibonacci level exist. Currently, the coin is at 21 cents after the pullback, testing the 7-day rolling VWAP. A strong reaction at 22-22.5 cents is necessary for an upward move. However, open interest and leverage continue to drop. There is strong support at 20 cents. If it doesn't reclaim the 22 cents mark and new leverage doesn't come in, a consolidation might occur and drop down again. There are some negative funding rates, but the analyst would wait for confirmation. If it breaks above 22 cents, it can rally to 24-24.5 cents or higher. The most likely scenario is going to test 22 cents, consolidate, and start dropping again.