Worldcoin ($WLD) Token Unlock Event: Minimal Price Impact
- Recent token unlock event had a brief 11.74% price surge, but the price remains bearish
- Traders show negative sentiment, with a lack of conviction in price movements
- Futures market indicates a neutral to bearish trend
- Development team, Tools for Humanity, extended the unlock schedule to manage market supply and stabilize prices
Technical Analysis:
- Short-term moving average: Neutral to bearish trend
- Relative Strength Index (RSI): Neutral to bearish trend
- Funding rate: Negative, indicating sellers dominate the market
Conclusion:
The Worldcoin token unlock event had a minimal impact on its price, and traders are betting on a price decline. The extended unlock schedule aims to manage market supply and stabilize prices, but the technical analysis suggests a neutral to bearish trend.
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