#wld Worldcoin Price on 3/12/2024 and Market Trend

1. Current Price and Market Cap

• Current WLD price is $3.3, with a 24-hour trading volume of $825.5 million and a market cap of around $717.8 million

• Recent price range: Over the past 7 days, the price has ranged from $2.28 to $3.64

2. Accumulation/Distribution Trend and Whale Trading

• Whale behavior shows that a large number of transactions have taken place at lower prices over the past month, with the trend being mainly accumulation at support levels around $2.50 - $3.00

• However, some selling pressure from addresses that bought at higher prices is holding back the upside momentum

3. Technical Analysis

• Ichimoku Cloud: WLD price is currently trading below the cloud, with major resistance at $3.95 and strong support at $3.30.

• MACD: Bearish trend on weekly timeframe, indicating weak bullish momentum

• MA (Moving Averages): 50-day MA is crossing 200-day MA, indicating neutral trend but potential downside pressure if there is no new buying pressure

4. Medium-term valuation and investment recommendations

• In the short term, WLD is in the accumulation phase. If it breaks through $3.95, it can attract new money flows and confirm the bullish momentum.

• In case of a decline, $3.30 is a support level that needs to be closely monitored

Advice

• If you are a medium-term investor, consider accumulating at $2.50 - $2.70 and wait for a clearer signal to confirm the bullish trend.

• For short-term investors, trading within the current price range can be profitable if risk management is good.