WLFI Surges After Trump Pardons Binance Founder CZ: Report
- WLFI surges as Trump’s pardon of CZ ignites optimism across U.S. crypto markets.
- Resistance forms near $0.1450 as traders anticipate a potential breakout toward the $0.16.
- MACD shows bullish momentum, but a weakening histogram hints at a possible pullback.
WLFI is gaining strong momentum after a sharp price rise linked to a major political event. The token advanced more than 13% intraday as traders reacted to Donald Trump’s pardon of Binance founder Changpeng Zhao. The move is seen as a potential turning point for crypto regulation in the United States and a signal of renewed market confidence.
WLFI is trading at $0.1408, marking a 13.20% increase over the past 24 hours. The 20-day exponential moving average is at $0.1339, while the 50-day EMA sits at $0.1348. The 100-day EMA stands at $0.1450, and the 200-day EMA is at $0.1637. Prices remain slightly above short-term averages, showing mild buying strength.
WLFI Tests Key Resistance as Momentum Builds in Crypto Market
The resistance stands at a high level between $0.1450 and $0.1637. A decisive breakout at a level higher than $0.1450 may bring the price to a level of $0.1600. A fall below $0.1350 could, however, give rise to a slide of up to $0.1250 or even below. The current candles reflect a gradual upward move, showing cautious buyer activity.
The MACD line is above the signal line, which indicates a bullish momentum. However, the histogram shows a declining trend in buying pressure, suggesting that while the uptrend remains intact, the momentum may be weakening, and a potential consolidation or pullback could occur soon.
Trump’s Pardon of CZ Sparks Political and Crypto Market Reactions
The White House confirmed Trump’s full pardon for Zhao, who had served four months after pleading guilty in 2023 to violating the Bank Secrecy Act. The administration described the case as part of the previous government’s aggressive stance on cryptocurrency. The pardon is being interpreted as a policy shift.
Zhao stepped down from Binance under the Department of Justice agreement. His pardon may now allow him to reenter the crypto sector and reopen discussions about Binance’s U.S. expansion. The event has added momentum to politically linked digital assets such as WLFI.
World Liberty Financial has long been associated with Trump’s blockchain-related efforts. Its earlier exposure increased after reports of Binance accepting World Liberty Financial’s USD1 stablecoin in a $2 billion investment deal from Abu Dhabi’s MGX. The connection between WLFI and Trump-linked initiatives remains a central driver of investor speculation.
The pardon also sparked criticism from political opponents. Senator Elizabeth Warren publicly condemned the decision, accusing Zhao of supporting Trump-related ventures. She claimed that Zhao helped finance the USD1 stablecoin and lobbied for his release.
Related: Trump Family Made $1B Through Expanding Crypto Ventures
Zhao responded, stating that he had never faced money-laundering charges. He criticized Warren for publishing inaccurate claims and reminded the public that she had recently spoken out against the crypto industry. His statement attempted to refocus attention on his legal record and the broader debate about regulation.
The short-term trend of WLFI is upward. A Steady buying and a close above $0.1450 is needed for continuation of strength. Without it, the price might fall back to earlier support.
WLFI is acting as the market’s reflexive reaction to renewed political attention. Traders are watching closely to see if the Trump pardon-driven sentiment extends beyond short-term speculative buying. Movement in the token would continue to be a barometer of how politics determines digital asset performance in the days ahead
