Technical Analysis: WLD/USDT

1. Price and Recent Movement

• Current price: 2.425 USDT

• Daily change: -8.80% (a significant adjustment, which could represent an entry opportunity).

• 24-hour low: 2.264 USDT → This level seems to act as a strong support that could indicate a temporary floor for a bounce.

2. Key Technical Indicators

a) RSI (Relative Strength Index)

• Current RSI: 24.63 → The asset is clearly oversold, which historically indicates a potential bullish bounce.

• Such a low RSI suggests that sellers are losing strength and a change in market sentiment could be imminent.

b) Moving Averages

• MA(7) (2.553 USDT): Price is slightly below, but any breakout to the upside could trigger positive momentum.

• MA(25) (2.797 USDT): Represents an important resistance. Breaking through it would signal the start of an uptrend.

c) Volume

• High volume on the last red candles: This indicates that sellers have been active, but the market could be absorbing these sales, paving the way for a bullish reversal.

3. Support and Resistance Analysis

• Immediate support: 2.264 USDT (recent low). This level shows strength as a base for a rebound.

• Key resistance: 2.553 USDT (MA(7)) and then 2.797 USDT (MA(25)). Breaking through these zones would open the way to higher levels.

4. Bullish Signals

1. Attractive prices: Currently, the asset is trading at important discount levels after a correction.

2. Oversold zone: The RSI suggests that the market is ready for a technical rebound. This is the moment when smart buyers usually come in.

3. Recovery Opportunity: If the price breaks key resistances, we could see a move towards 2,800 USDT or even levels close to 3,000 USDT, offering excellent short-term returns.