$WLD

The current price of WLD is between $2.52-$2.54, and the short-term resistance levels can be assessed based on technical analysis and market depth data.

Current Resistance Levels

1. Resistance Range: $2.60-$2.70

This level has been tested multiple times in recent price fluctuations but has not effectively broken through.

Based on the volume distribution, there are a large number of pending orders in this area, making it an important resistance for a short-term breakout.

2. Key Resistance: $3.00

A psychological barrier, breaking through this level may trigger higher trading volumes and emotional fluctuations in the market.

Technical Indicator Analysis

1. RSI (Relative Strength Index):

Currently in the 60-70 range, indicating increased buying sentiment, but not yet in the overbought zone.

2. Moving Averages:

Short-term moving averages (5-day, 10-day) are rising, and the price is above the 20-day moving average, indicating bullish dominance, but it needs to be confirmed whether this trend can be maintained.

3. Trading Volume:

A significant increase in trading volume is a key condition for breaking through the resistance level. Although the current volume has increased, it is still insufficient to support a rapid breakout.

Will it return to $12?

Conditions to return to $12:

1. Large-scale positive news: Major project collaborations, expansion of token functionalities, large inflows of capital.

2. Overall positive market sentiment: A comprehensive rebound in the crypto market.

3. Breaking through key resistance ranges: Strongly breaking through psychological barriers such as $3, $5, $10.

Possibility this week:

From the current market trend, the likelihood of rising to $12 in the short term is low. This would require the price to multiply several times, and the current daily volatility of WLD is not sufficient to support such rapid growth.

The market still needs a larger catalyst or emotional boost.

If you are considering trading, it is recommended to closely monitor the trading volume and the breakout situation of resistance levels, while also setting stop-loss points to manage risks.