World Liberty’s WLFI holds steady as Robinhood listing sparks interest

  • WLFI displays resilience amid broader market bloodbath.
  • Robinhood has listed the token today, boosting investor trust and visibility.
  • Cryptos struggle as September history unfolds.

The digital assets industry slumped on Thursday as Bitcoin dipped from above $112,000 to $110,700.

The global crypto market drifted further below the $4 trillion psychological mark after a 2.5% 24-hour dip to $3.81 trillion.

While altcoins appear to suffer the most, with many halting their bullish structures with double-digit declines, Trump-linked WLFI held steady.

World Liberty Financial’s token gained a modest 0.64% on its daily chart amid market-wide slumps.

The resilience comes after the DeFi project scored a Robinhood listing today.

The integration renewed interest among the crypto community as it translates to increased visibility to the retail audience.

Also, the compliant, commission-free trading platform adds credibility to WLFI, which remains tied to political developments.

The native token maintained stability following the listing updates and seems ready to lead the next leg up.

Robinhood boosts WLFI sentiments

Robinhood has gained a reputation as a leading trading platform for retailers, allowing individuals to access both cryptocurrencies and traditional stocks.

Most importantly, the platform prioritizes compliance, meaning it lists financial instruments after significant scrutiny.

Many believe digital tokens on Robinhood are legitimate, with impressive future potential.

Therefore, WLFI’s listing on the trading platform marks a key breakthrough for World Liberty Financial.

DeFi enthusiast Chence Alpha expects magnified liquidity as smart-money ventures into the token.

The move indicates growing recognition after the native token’s September 1 official debut.

Cryptocurrency enthusiasts love Robinhood for its user-friendliness and reduced entry barriers.

Even individuals who might have never interacted with decentralized exchanges (DEXs) can purchase WLFI tokens from the application.

Meanwhile, this development has likely cushioned WLFI against the prevailing broader market downturn.

Magnified exposure and easier entry could attract another wave of investors.

That will boost trading volumes and support price performances, essential factors as the alt eyes rebound to post-listing peaks above $0.30.

WLFI price outlook

The native coin outperformed markets today as it remained stable despite notable dips in the overall market.

WLFI trades at $0.2019 after a 0.64% increase on its daily chart.

The soaring daily volumes, currently above $500 million, signal reinvigorated optimism in the altcoin.

Nonetheless, the broader market outlook remains crucial for WLFI’s near-term trajectory.

Exchange listings trigger short-lived gains, and unless bulls amplify actions, corrections follow once the hype fades.

Bears dominate the cryptocurrency space, and the market might underperform in the coming sessions.

History shows September closes with losses, and that means sellers could have an upper hand as October approaches.

Experts view the current dips as a normal September rest before “Uptober” rallies.

Analyst Michael van de Poppe believes this is “the final correction before the big run” that could see altcoins surge up to 10x.

Bitcoin’s performance and potential swift recovery above $113,000 would support WLFI’s stability and catalyze the anticipated breakout past the $0.3 psychological mark.

The post World Liberty’s WLFI holds steady as Robinhood listing sparks interest appeared first on CoinJournal.

Flare price surges amid 290% volume spike: next target for FLR?

  • Flare price rose to above $0.028 before paring gains.
  • The crypto project’s DeFi ecosystem, enhanced by FXRP, has driven a significant rise in active users, boosting network activity.
  • As Flare’s oracle services gain traction, could this boost the bulls’ price target above $0.030 and allow for further upside momentum?

Flare (FLR), the native token of the Flare Network, has surged over 10% in the past week to test $0.028, largely outpacing the broader cryptocurrency market amid widespread declines.

While it traded near $0.025 at the time of writing, FLR has broken through critical resistance levels after bouncing off lows of $0.023.

With bullish momentum driving the price, Flare could target $0.038 or higher.

Fueled by strong technical indicators and growing adoption of Flare’s decentralised finance ecosystem, this rally has attracted significant attention from both retail and institutional investors.

FXRP token and XRP DeFi integration

Flare’s recent surge is due to its integration with XRP through the FXRP token, enabling XRP to become DeFi-ready.

The Flare Network’s FAssets mainnet facilitates the conversion of XRP into FXRP, unlocking deeper liquidity and new use cases such as lending and borrowing.

The platform’s total value locked has soared to $217 million in an integration that has positioned Flare as a leader in bridging XRP’s non-smart contract capabilities with decentralised finance.

“For over a decade, XRP has powered fast and efficient settlement at scale. FXRP on Flare extends that strength with composability, opening new growth opportunities: XRP as collateral, liquidity, and yield in DeFi,” the Flare team posted on X.

Additionally, the token`s institutional backing and partnerships focused on interoperability have further solidified investor confidence, driving FLR’s price momentum.

Flare price: $0.038 target and technical outlook

Flare is trading around $0.0256 at the time of writing.

The token moved within a daily range of $0.0245 to $0.0284, marking a 3.4% gain in the last 24 hours.

On the chart, FLR broke above the 23.6% Fibonacci retracement level at $0.0217.

This puts FLR price well above its 7-day SMA at $0.0246, showing strong short-term bullish control.

Meanwhile, the Moving Average Convergence Divergence indicator remains positive.

Notably, the MACD line crosses above the signal line, confirming upward momentum.

Flare chart by TradingView

Although the Relative Strength Index is downsloping and near 55, staying above the neutral mark indicates bulls remain in control.

Gains could ensue before prices reach overbought territory.

If FLR maintains support above $0.0264, it can rise up to $0.0389, aligning with the 61.8% Fibonacci retracement level.

This could allow buyers to aim for $0.040 and higher, which are levels last seen in January 2025 and April 2024.

However, a failure to hold current levels could see a pullback to $0.024, with deeper support at $0.022.

The post Flare price surges amid 290% volume spike: next target for FLR? appeared first on CoinJournal.