Worldcoin (WLD) Price Plunge 58% to Eight-Month Low, Flashing Oversold Signals

Despite the sharp drop, Worldcoin (WLD) price could recover if investors choose to accumulate.

As this altcoin is experiencing the worst sell-off in altcoin history, a recovery could be imminent.

Worldcoin’s price drop has created an ample opportunity for investors to take advantage of the low price and add WLD to their wallets.

Worldcoin’s RSI has entered the oversold zone, showing a clear bearish signal. This has led to bearish price momentum, indicating that the altcoin is currently undervalued and could be on the verge of a recovery.

The drop is noteworthy as it marks the biggest drop and the highest oversold level since Worldcoin was launched. Overall, this zone below 30.0 is synonymous with recovery, making it a bullish case for WLD.

From the beginning of June to yesterday, Worldcoin’s price has fallen by 58%. At the time of writing, the altcoin is changing hands at $2.30. It is hovering above the key resistance level of $2.0.

This level has not been breached since November 2023 and a drop to this level would mark an eight-month low for the altcoin.

For more crypto investment logic, visit my homepage! 🌟

But given the bullish signals, a recovery is possible, pushing WLD to $3.0. A break above this level would allow the altcoin to rise further.

#非农就业数据即将公布 #币安合约锦标赛 #ASI代币合并计划 #WLD​​​