The resistance level is a critical point for a bullish reversal, with risks of further decline if unmet.
Increased trading volume indicates growing investor interest despite the recent downward trend.
Technical indicators suggest a slightly bearish market sentiment, pointing to potential further losses.
Worldcoin (WLD) is at a critical juncture, with recent market activity suggesting the token is poised for either a breakout or a further decline. Currently trading at $2.09, WLD has fallen 8.10% over the past 24 hours. Its total market capitalization is $1.41 billion, down 7.00% in the same period.
Despite the price drop, trading volume has climbed 29.54% to $489.74 million, signaling increased market activity and potential investor interest.
Analyzing WLD’s Price Action and Resistance Levels
Worldcoin’s price action shows consistent downward pressure, with minor recoveries failing to hold. The highest price recorded within the trading session was $2.27, after which the price steadily declined, indicating strong selling pressure.
The resistance level at $2.87 remains a crucial indicator for a potential bullish trend reversal. F…
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