Key Moments
- World Liberty Financial (WLFI) extends a three-day advance but stalls near resistance at $0.1215.
- Sky (SKY) builds on a 5% rebound from its 50-day EMA at $0.06381, approaching a key supply zone around $0.070000.
- Cosmos (ATOM) holds above $2.300 after a 4% bounce, confronting resistance at $2.346 linked to a prior low.
WLFI Gains Backed by World Liberty Forum Momentum
World Liberty Financial (WLFI) is trading nearly 2% higher at the time of writing on Thursday, adding to gains for a third straight session. The short-term rebound is associated with interest generated by the World Liberty Forum, an invite-only event held on Wednesday at Mar-a-Lago and organized by the Trump family’s crypto initiative, which gathered global market participants.
The WLFI token is currently testing overhead resistance at $0.1215, a level that coincides with the December 18 low. A daily close above this barrier would open the way for a move toward the 50-day Exponential Moving Average (EMA) at $0.1337.
On the daily chart, the Relative Strength Index (RSI) stands at 46, edging up from oversold territory toward the midpoint, signaling that selling pressure has eased. At the same time, the Moving Average Convergence Divergence (MACD) indicator is trending higher following a bullish crossover on Tuesday, pointing to strengthening positive momentum.
If WLFI fails to hold its intraday gains and posts a bearish close, downside pressure would likely reassert itself, with the price at risk of sliding back toward the $0.1000 psychological level.
| Token | Key Support | Key Resistance | 50-day EMA |
|---|---|---|---|
| WLFI | $0.1000 (psychological) | $0.1215 (December 18 low) | $0.1337 |
| SKY | $0.06381 (50-day EMA) | $0.070000 (supply zone) | $0.06381 |
| ATOM | $2.201 (50-day EMA) | $2.346 (November 4 low) | $2.201 |
SKY Advances Toward Overhead Supply
Sky (SKY) is up more than 1% as of Thursday press time, extending a recovery that began with a 5% bounce from the 50-day EMA at $0.06381 the previous day. The ongoing intraday move is bringing the token closer to a supply zone clustered around the round-number level of $0.070000.
A firm daily close above $0.070000 would likely clear the path for an extension of the advance toward the 1.272 Fibonacci extension level at $0.08197. This extension is derived from the October 1 high at $0.07299 down to the November 22 low at $0.03998.
On the daily timeframe, the RSI prints at 52, nudging above the 50 mark and reflecting a neutral-to-bullish tone. Meanwhile, the MACD remains slightly below its signal line and is moving broadly sideways, but it is edging toward a potential bullish crossover.
On the downside, a break back below the 50-day EMA at $0.06381 could put renewed pressure on SKY, with scope for a decline toward the 61.8% Fibonacci retracement level at $0.06038.
ATOM Holds Gains but Faces Stiff Resistance
Cosmos (ATOM) is trading above the $2.300 area after posting a 4% rebound from the 50-day EMA at $2.201 on the previous day. However, intraday upside is being constrained by resistance at $2.346, a level associated with the November 4 low.
If ATOM manages to break and close above $2.346, the price could push higher toward $2.856, a level that aligns with the October 11 low.
The daily RSI is currently at 60, holding above the midpoint and still below overbought territory, leaving room for additional upside. In parallel, both the MACD and its signal line are recovering, with positive histogram bars widening above the zero line, indicating that bullish momentum has been strengthening.
Should ATOM lose support at the 50-day EMA at $2.201, the decline could extend toward the December 18 low at $1.832.
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