#WLDUSDT price has plummeted to $2.70, marking a dramatic downturn. Despite this steep decline, WLD holders remain unfazed.
A closer look at the active addresses by profitability paints a telling picture: currently, less than 3% of participating addresses are in profit. Typically, when 25% of these investors are in the black, the fear of profit-taking looms large. But for Worldcoin, this threshold is a distant concern, suggesting that investors are steadfastly holding onto their tokens, anticipating a brighter future.
The Market Value to Realized Value (MVRV) ratio adds a layer of optimism to this scenario. The MVRV ratio, a key metric for assessing investor profit and loss, stands at a staggering -35% for the past 30 days. This significant loss could spark buying pressure, hinting at a potential rally. Historically, when the MVRV ratio falls between -10% and -20%, it signals a ripe opportunity for accumulation, often leading to a price surge.
WLD Price Outlook: Anticipating a Recovery
Worldcoin has tumbled below a critical support level of $3, with a relentless correction over the past two days resulting in a jaw-dropping 45% drop from $4.50. Yet, all hope is not lost. If WLD investors decide to bolster their holdings, reclaiming the $3 support level is within reach. Achieving this could ignite a powerful surge, propelling Worldcoin back to the $4.0 mark and erasing a substantial portion of investor losses.
However, the path forward is fraught with peril. if the decline continues, WLD risks losing support at $2.50 and plummeting further to $2.00. Falling below this critical point would shatter the bullish outlook, paving the way for extended losses. #ChartAnalysis #Binance #AICoin #6thTrade