Rising against the market crash! WLFI, ATOM, and JUP resist declines, with the downward trend still clearly evident.

WLFI-12.64%
ATOM-1.24%
JUP-2.28%

WLFI rebounded 3% on Tuesday above $0.1300, ATOM gained 8% over three days, and JUP continued to rise by 1%, with all three remaining below key moving averages. RSI is below 50 for all, and MACD is contracting in negative territory, indicating weakening bearish momentum but no reversal. Key supports are WLFI at $0.1215, ATOM at $1.832, and JUP at $0.1695.

WLFI Rebounded from Key Support but Trend Remains Fragile

WLFI日線圖

(Source: Trading View)

As of Wednesday’s report, World Liberty Financial (WLFI) stock price stayed above $0.1300, maintaining a 3% increase from the previous day. However, since WLFI’s price remains below the 50-day moving average of $0.1552 and the 200-day moving average of $0.1589 further consolidates its overall downtrend, the upward trend is still fragile. WLFI’s continued recovery may face resistance from these moving averages.

As a token under the Trump family’s decentralized finance platform, WLFI’s price movement is highly influenced by political news and Trump family developments. Tuesday’s 3% rebound could be related to a pro-crypto policy statement from the Trump administration or progress in World Liberty Financial’s business. However, technically, this appears more like a technical rebound after overselling rather than the start of a trend reversal.

With the histogram shrinking, the MACD and signal line are slowing their descent below zero, indicating weakening bearish pressure. The RSI is at 34, rebounding from oversold territory but still below the neutral level of 50. This technical setup suggests that while selling pressure is easing, buying strength is not yet sufficient to reverse the trend.

Looking downward, if WLFI breaks below the support at $0.1215 (which coincides with the low on December 18), there is a risk of further decline toward the S1 pivot at $0.1062. The $0.1215 level is the most critical recent defense line; holding it could extend the rebound momentum, while breaking it could trigger a new wave of selling. For investors holding WLFI, this level is a key stop-loss reference point.

ATOM Gains 8% Over Three Days but Faces Clear Moving Average Resistance

ATOM日線圖

(Source: Trading View)

As of Wednesday’s report, ATOM’s price increased by 2%, marking its third consecutive day of strength with a total gain of over 8%. However, ATOM’s price remains below the 50-day, 100-day, and 200-day moving averages, at $2.283, $2.541, and $3.094 respectively. The 50-day MA is below the 100-day MA, further reinforcing the bearish trend, with this “death cross” indicating a broadly negative medium- to long-term outlook.

As a long-established blockchain project, Cosmos’s ATOM token has historically lagged behind the market average. The 8% rebound on Wednesday has technical significance, suggesting ATOM may be forming a phase bottom after a prolonged decline. However, confirming a trend reversal requires the price to break above and hold the 50-day moving average at $2.283; otherwise, it remains a technical rebound within a bear market.

If the daily close exceeds the $2.283 level, it could push the price toward the 100-day MA at $2.541. This represents roughly a 20% upside from current levels and could be attractive for short-term traders. Otherwise, downward pressure persists, and the moving averages will continue to act as resistance, limiting the overall trend and capping any rebound, with prices likely oscillating between current levels and the December 18 low of $1.832.

The MACD line remains below the signal line in negative territory, with the histogram shrinking toward zero, indicating weakening bearish momentum. The RSI is at 42, showing a generally bearish market tone that has begun to turn upward, hinting at stabilizing momentum but no reversal yet. From a downside perspective, if upward resistance fails, ATOM could retest the December 18 low at $1.832.

Key Technical Levels for ATOM

Current Price: Around $2.00

Key Resistance: 50-day EMA at $2.283, 100-day EMA at $2.541, 200-day EMA at $3.094

Key Support: $1.832 (December 18 low)

Technical Indicators: RSI 42 (bearish but improving), MACD in negative territory with shrinking histogram

JUP Continues Uptrend but 50-day EMA Acts as Barrier

JUP日線圖

(Source: Trading View)

JUP token is currently trading below the 50-day exponential moving average (EMA) at $0.2111, which limits its rebound potential and reinforces a bearish bias. As of the report, JUP rose nearly 1% on Wednesday, continuing a 3% gain from the previous day, with a two-day total increase of about 4%. As a leading DEX aggregator in the Solana ecosystem, JUP’s performance is often correlated with the overall activity within Solana.

If the daily close exceeds the $0.2111 level, downward pressure may ease, and a rebound toward the R1 pivot at $0.2299 could occur. Conversely, failure to regain this level would keep downside risks high. The $0.2111 mark is the most critical technical threshold for JUP; breaking above it opens upside space, while failure could lead to testing lower supports.

The MACD line remains below the zero line and signal line, with shallow negative bars shrinking, indicating weakening bearish pressure. The RSI is at 48, rising slightly, suggesting momentum is stabilizing. The RSI at 48 is very delicate; it’s neither oversold nor overbought, positioned in a neutral to slightly bearish zone. This state often precedes a trend reversal or consolidation, with the next move depending on external catalysts.

In a pullback, the key support for JUP remains at the December 18 low of $0.1695. If the price tests this level and finds support with increased volume, it could confirm a bottom. Conversely, a break below $0.1695 could lead to deeper correction, with the next support around $0.15.

All three tokens share the common feature of rebounding from their December 18 lows, suggesting that day may be the phase bottom of this decline. However, confirming a true bottom requires sustained breakout above key moving average resistance levels, along with volume and RSI improvements. The current rebound appears more like a technical correction after overselling; whether it develops into a trend reversal remains to be seen.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

65% of Institutions See CLARITY Act as XRP Catalyst

A Yahoo survey cited by market analyst ChartNerd shows that 65% of institutions view the CLARITY Act as a potential breakout catalyst for XRP, signaling a shift toward regulatory clarity as the primary driver of institutional adoption rather than speculation. The U.S. Securities and Exchange

CryptoFrontier1h ago

Survey: 70% of Investors See Bitcoin as Undervalued

A global survey conducted by Coinbase and Glassnode found that over 70% of investors believe Bitcoin is currently trading at undervalued levels, according to the survey data. The survey included 91 total respondents comprising 29 institutional investors and 62 individual investors. Institutional inv

CryptoFrontier1h ago

BTC Confirms Bearish Divergence Signaling Rough Times for Bitcoin and Altcoin Prices

BTC confirms bearish divergence signaling rough times for crypto.  Both Bitcoin (BTC) and altcoins are all expected to crash significantly.  Very small signs for bullish outcomes shine through. The price of BTC failed to maintain its price above the critical $76,000 price range,

CryptoNewsLand2h ago

Shiba Inu Whales Accumulate as Open Interest Hits $37M

Shiba Inu is trading at $0.000006261 at the time of writing, with derivatives activity accelerating and large holders positioning for a directional move. The meme coin faces significant macro pressure but shows signals that sophisticated traders expect a breakout, according to the article's technica

CryptoFrontier3h ago

Bitcoin Faces Resistance Near $80K as Derivatives Data Shows $500M Liquidations in 24 Hours

According to derivatives data from Deribit and other sources, Bitcoin faced sustained resistance near $80,000 on April 29-30, with market sentiment shifting toward risk avoidance. Futures open interest (OI) declined 2% to $119 billion in 24 hours, while trading volume surged 26% to $208 billion,

GateNews3h ago

The U.S.-Iran situation sees renewed escalation: Brent crude oil breaks above $115, while Bitcoin falls below $76,000

A Middle East storm pushed Brent crude oil to $115 per barrel. Trump rejected Iran’s ceasefire request and plans to blockade the Strait of Hormuz. Bitcoin fell below $76,000—how will geopolitical risk impact the crypto market?

GateInstantTrends5h ago
Comment
0/400
No comments