. Price Movements: The WLD/USDT pair is currently trading at 2.868. When the daily candles are examined, it is seen that the price first made a strong rise to the level of 4.19, and then retreated with a sharp selling wave. After this decline, the price is currently moving between the middle line (3.237) and the lower band (2.543) of the Bollinger Band.
2. Bollinger Bands:
The price is moving close to the lower band, which indicates that it is approaching the support area. However, if the price breaks below the band, further declines may be seen.
If it rises above the middle band (3.237), an upward movement may begin again.
3. MACD Indicator:
The MACD line (yellow) is below the signal line (purple), which indicates that the downtrend is dominant.
The MACD histogram is in the negative zone and continues to decrease, which supports that the momentum is weak.
4. Volume: Unless there is a significant increase in volume, a strong upward movement is not expected. In the last candles, volume is below average.
Future Forecast:
Support Level: There is strong support around 2.543, the Bollinger band. If it approaches this area, buyers may step in.
Resistance Level: 3.237 and above 3.366 levels are short-term resistance points.
Possible Scenarios:
Up Scenario: If the price maintains the 2.543 support and gains upward momentum, the first target will be 3.237, then 3.366.
Down Scenario: If the 2.543 support is broken, the price may fall to 2.413 or below.
Result: The downtrend is currently continuing and the price needs to hold on to the support area for buyers to step in. It may be useful to be cautious until a strong reversal signal (such as volume increase, MACD intersection) is seen.