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$WLFI
This is a recovery attempt inside a broader downtrend. Price dropped hard from 0.0744 to 0.0511 and is now climbing back
Resistance at 0.0633 (EMA200)
Next resistance around 0.066–0.070
Support around 0.058
Stronger support near 0.055
This is a bounce, not a confirmed trend reversal yet. The EMA200 is still sloping down, which means higher timeframe pressure is bearish.
RSI is elevated (~76 short-term), so price is slightly overextended in the short term.
If price breaks and holds above 0.0635, this turns into a proper reversal attempt with upside toward 0.066–0.070
If it rejects at EMA, expect pullback to 0.058 or even 0.055
#DeFiLossesTop600MInApril #BitcoinSpotVolumeNewLow