Right now, I'm bullish on World Coin ( $WLD ) Recent news about extending the vesting period for core contributors' token distribution is a positive sign, as it reduces token inflation over the next couple of years. We've seen open interest spikes, indicating that many large positions are being opened. While this is bullish, it also suggests a potential sell-off in the future.
1️⃣ Price Targets and Technical Analysis:
Worldcoin has broken above a significant level between 2.8 and 2.6 with strong momentum on the 4-Hour time frame. Potential price targets include 2.8, 2.7, 3.5, and 4-4.5. However, expect some resistance at the 3.5 and 4-4.5 levels.
2️⃣ Final Thoughts
Despite the current bullish trend, I remain bearish on Worldcoin in the long term. Pumps like this will happen, but they ultimately end with big spikes down and liquidations. Be careful, use spot trading, and keep your position sizes low with low leverage. Be prepared for spikes down and a potential big dump in the future.
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