$WLD

WLDUSDT Ready for the GREEN 🚀🚀🚀🚀🚀

I have talked about the Worldcoin project and its background in my previous posts. Today let's analyze the token against USDT so you can see why you need to HODL WLD.

Fundamental analysis:

The Worldcoin (WLD) project has seen some major developments recently.

- Regulatory challenges: Worldcoin has faced regulatory concerns, leading to the suspension of its operations in Hong Kong.

- Strategic Moves: The project made a strategic move to change USDC stablecoin trader rewards to WLD tokens, which was expected to increase the circulating supply of WLD tokens.

- Price increase: Following this strategic shift and the renewed commitment of OpenAI CEO Sam Altman, the price of the WLD token saw a dramatic increase.

Technical analysis

This is a 4-hour CHART analysis of the WLDUSDT pair.

WLD has tested the 4.0 support zone three times and was firmly rejected each time. However, this market has encountered resistance at the 5.1 marker!

Tests of the support zone have shown successive rising lows. An indication of a bullish movement.

The market could fall back to the 4.2 zone, slightly below the previous low, but do not panic, this will only give strong confirmation of the bullish movement.

However, if this market breaks the 5.1 resistance without returning, then buying is expected to return to 10.0.

Verdict:

If you are an aggressive trader, this is an entry into a buy market for you! However, if you are a more patient trader, perhaps you should wait for the support zone marked before the entry to be retested. This will give you more solid confirmation.

Remember: always stay profitable!

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