Alameda's discarded WLD is in danger zone.
Worldcoin (WLD), which has gained popularity in the field of artificial intelligence, has started to decline within the framework of Alameda Research's sales plans.
Alameda Research, a bankrupt crypto company under the roof of FTX, has put its WLDs up for auction. The Ethereum-based crypto project has lost nearly 25 percent of its value with this development. The bankrupt crypto company has 22.3 million WLD. It is predicted that WLD may see a further decline due to the effect of the auction, where the bidding phase is ongoing.
Crypto platform Coinpedia claimed that WLD is moving close to support levels and may enter a free fall.
Worldcoin (WLD), which fell due to the news, recorded a trading volume of nearly $130 million the other day. Although WLD showed a 3 percent recovery with the effect of this trading volume, it has not left the danger zone.
Coinpedia, which published a graphical analysis, stated that WLD was stuck at the 50-day moving average (EMA), which acts as resistance. The 50 EMA region emphasized that the buying pressure on the altcoin has weakened and a climate of fear has formed.
WLD's Relative Strength Index (RSI) reached the neutral zone, indicating potential uncertainty. Investors are cautious about WLD's possible price movement.
Coinpedia, which analyzed WLD in light of the current data, noted the following;
"If the bulls can come to the fore, the Worldcoin crypto price will regain momentum and prepare to test the $ 3.30 resistance level. Holding the price at this level could pave the way for this altcoin to move towards its highest level of $ 5.30 $ in the coming weeks."
The analysis reported that if the bears dominate WLD, the price will retest the critical support level at $ 1.35.

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