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WLFI has recently experienced interesting changes in trading volume. The 30-minute candlestick's trading volume surged by 270%, such a sudden move is often not to be taken lightly.
As of the observation point, the price is hovering around 0.1666 USDT. From a technical perspective, the 0.1671 level is a relatively key support, only about 0.48% away from the 1-hour benchmark. More broadly, the entire range from 0.1659 to 0.1671 constitutes a support zone.
From a trading standpoint, since the price has approached support and the volume is so strong, it might be worth considering a long position around 0.1671. If entering, take profit at the resistance level of 0.1711.
What I want to emphasize here is: a sudden increase in volume usually indicates rising market participation, and the probability of a trend starting also increases accordingly. How WLFI will move next, still needs close attention—don't let your guard down.