Worldcoin Price Remains Stable Ahead of Major Events
Worldcoin price was expected to rise over the past two days as July 24th not only marked the one-year milestone for the project, but also the first token unlock. As announced by the team, starting from 7/24, approximately 2 million WLD (worth $4.4 million at the time of writing) will be unlocked every day. They will be distributed to the TFH team and early investors.
The process will continue until 2028, when the entire supply held by TFH will be unlocked. However, neither event seems to have had much of an impact as the price remains stagnant.
The Relative Strength Index (RSI) continues to decline on the daily chart. The RSI is a momentum oscillator that measures the speed and magnitude of price changes and fluctuates on a scale of 0 to 100. Typically, RSI readings over 70 indicate overbought conditions, while levels below 30 suggest oversold conditions.
The decline in the downside neutral line indicates an increase in investor selling pressure on the coin.
WLD Price Prediction: Continues to Fall
Worldcoin price has fallen by more than 27% over the past eight days after failing to break above the $3 level. A breakout of this resistance level should have activated WLD's recovery.
However, since this did not happen and the price rally event was unable to help due to the broader downtrend in the market, further price declines are possible. If WLD loses support at $2, the next drop could be to $1.7 or lower.
Conversely, a rebound from $2 could help Worldcoin prices recover and regain support at $2.5. This could push WLD above $3, and a breakout of this resistance level would overturn the argument for a price drop. Strategy: At present, WLD is still continuing to rise and will soon break through 2.5. At present, a light position can be arranged, and the target is first $3!
