Worldcoin approaches $3 support again: will WLD rise to the challenge this time?
Worldcoin (WLD) has been a hot new star in recent months, but the recent trend has been a bit bumpy. It was soaring last week, but in the past three days, the bears have returned and the price has been under pressure.
If WLD can break through that resistance threshold, it will be just a little higher than the price at the time of the last news release, and holders will be very happy. Let's see if WLD can stand on the historical high this time.
Speaking of price, WLD has fallen 6.31% in the past 24 hours and is now quoted at $2.448. The good news is that the news of technological progress has caused trading volume to rise sharply, and investors have doubled their confidence.
According to CoinMarketCap data, WLD is currently priced at $2.55, and the price it can support is between $2.50 and $2.30. If it wants to rise, it must break through the two barriers of $2.70 and $3.00.
In terms of market sentiment, WLD has suddenly jumped 90% from the bottom of $1.72, and the shorts were caught off guard and closed their positions. However, the tokens of early investors and teams will be released on July 24, and the market is worried about a surge in supply.
Despite the fierce rise, WLD is still stuck at the $3 mark. Even though it almost doubled last week, it did not reach the ceiling of $3.2.
Interestingly, big investors (those holding millions to tens of millions of coins) are quietly hoarding, and in three days they have accumulated 13 million WLD, worth more than $36 million. This kind of operation has been seen before, and the price has risen every time.
However, some people question the token design of Worldcoin, saying that it deliberately limits the circulation to manipulate the market. After all, only 2.7% of 10 billion WLD are circulating in the market.
In terms of technical analysis, WLD seems to be a bit powerless when it approaches $3 these two days, and it fluctuates. This place is like a battlefield, with bulls and bears fighting each other.
If it can break through the resistance, the price may take off, and market confidence will also rise. But if it falls below the support level of $1.79, you have to be careful, it may slide all the way to around $1, and the previous rebound will be in vain.
Ares recently opened a contract experience skirt, and there are Heyue fresh food strategies recommended to everyone every day. Like-minded friends are welcome to join together, click on the avatar, click to follow and see the cooking page introduction
