The Worldcoin (WLD) Price Action On Daily Symbolizes A Fascinati
The Worldcoin (WLD) has reached a crucial demand zone after a lot of plummetation. It has surged more than 100% in 24-hour volume and amounted to $385 Million. Its market-to-volume ratio highlights good liquidity at 62.02%, while its circulation stands at 262.677 Million WLD tokens.
The Worldcoin (WLD) price has shown a good start in 2024, as after the consolidation ended in January 2024, the buyers put tremendous fuel in the asset by February first week. The WLD propulsion took the crypto price and rocketed towards the peak of the $12.0 mark by March 9th, 2024. Thereon, the WLD price showed higher-level instability, faced a recurring resistance from mid-March 2024 onward, and followed a contracted wedge.
The deterioration in price led to the demand zone, where an earlier spike propelled. The WLD seems to be at a very crucial level and could have a significant dormant buying prepared for the asset.
At press time, all indicators are signifying bearishness. As EMA bands of 50-day and 200-day EMA are seamlessly pushing the price below, the MACD has been trading in bearish territory, where the histogram is at 0.00380. Meanwhile, the RSI has reached an extreme oversold zone at 20.62, which symbolizes that bearishness has pushed the asset downwards, but a significant buying could be initiated in WLD.
At press time, the WLD has traded at $2.265, and an anticipated falling wedge breakout could pop out based on the buyer's activity. If breakouts propel, then the resistance levels would be $5.0 and $6.0. However, if the asset breaks down, the price could also drag toward $1.
The Worldcoin (WLD) price has shown a good start in 2024, as after the consolidation ended in January 2024, the buyers put tremendous fuel in the asset by February first week. The WLD propulsion took the crypto price and rocketed towards the peak of the $12.0 mark by March 9th, 2024. Thereon, the WLD price showed higher-level instability, faced a recurring resistance from mid-March 2024 onward, and followed a contracted wedge.
The deterioration in price led to the demand zone, where an earlier spike propelled. The WLD seems to be at a very crucial level and could have a significant dormant buying prepared for the asset.
At press time, all indicators are signifying bearishness. As EMA bands of 50-day and 200-day EMA are seamlessly pushing the price below, the MACD has been trading in bearish territory, where the histogram is at 0.00380. Meanwhile, the RSI has reached an extreme oversold zone at 20.62, which symbolizes that bearishness has pushed the asset downwards, but a significant buying could be initiated in WLD.
At press time, the WLD has traded at $2.265, and an anticipated falling wedge breakout could pop out based on the buyer's activity. If breakouts propel, then the resistance levels would be $5.0 and $6.0. However, if the asset breaks down, the price could also drag toward $1.
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