Immy Dorse 
It’s been a rough week for WLFI, the token tied to former President Donald Trump. The price is down about 7% over the past seven days, and honestly, it looks like the bears aren’t letting up anytime soon. There’s a real concern among traders that it might be heading back down to test its all-time low of $0.16. Not a great look.
Spot and derivatives data both seem to be telling the same story: interest is fading. When both markets show weakness, it’s usually a sign that the current trend has some legs. And right now, that trend is pointing down.
What the Charts Are Showing
Taking a look at the four-hour chart for WLFI/USD, one indicator in particular stands out. The Chaikin Money Flow (CMF), which basically tracks buying and selling pressure, is sitting in negative territory. It’s at -0.13 as of this writing and, perhaps more importantly, it’s still trending downward.
A negative CMF generally means sellers are controlling the action. It suggests there’s more distribution—selling into whatever bids are out there—than accumulation. That weak demand makes a further drop feel more likely than not.
Futures Traders Are Backing Away
Another piece of the puzzle is the futures open interest. This measures the total number of unsettled contracts, and it gives you an idea of how much capital and interest is in the market. For WLFI, that number has been declining. It was around $802 million recently, but it’s fallen another 5% just in the last day.
When open interest drops like that, it usually means traders are closing their positions and pulling money out. They’re not necessarily betting on a big move down, but they’re definitely not confident in a move up either. It’s a sign of fading conviction across the board.
Where Does It Go From Here?
So with all this selling pressure and a lack of new buyers, the path of least resistance seems to be down. If this continues, a retest of that $0.16 low seems pretty plausible. Maybe even a break below it if things really pick up steam.
But it’s not all doom and gloom. Markets can turn quickly. If some new demand were to enter—maybe from a news catalyst or a broader market shift—we could see a push back above $0.22. It’s not the base case right now, but it’s possible. For anyone holding, that’s probably the level to watch for any sign of a real recovery.