Date: Thu, Sept 04, 2025 | 05:30 AM GMT
The cryptocurrency market is once again facing turbulence as Ethereum (ETH) retraced to $4,375 from its 24-hour high of $4,489. This weakness has spilled over to altcoins, with the newly launched World Liberty Financial (WLFI) taking one of the heaviest hits.
Over the last hour alone, WLFI dropped 7%, extending its daily decline to over 17%. This sharp sell-off has triggered notable liquidations, and technical signals are hinting that the token may face additional downside before a meaningful recovery attempt.
WLFI Liquidation Soars
The current drop has sparked massive volatility in WLFI trading. According to Coinglass data, the past hour saw liquidations of more than $8.18 million, with long traders suffering $5.48 million in losses, while shorts lost about $2.70 million. These numbers underscore how unpredictable and risky WLFI’s trading environment remains at this stage.
Is More Downside Ahead?
Looking at the 4H chart, WLFI has broken down from an ascending broadening wedge pattern, a structure often viewed as bearish. The breakdown from the wedge’s lower boundary near $0.2816 accelerated the decline, dragging WLFI below the critical $0.20 support zone.
At the time of writing, WLFI is trading around $0.1893.
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