$WLD /USDT Price Analysis: Recovery Attempt Amid Bearish Pressure
SUI
0.808
-10.02%
$WLD is trading at $1.589, down 11.18% over the last 24 hours, following a rebound from a low of $1.534. The price is attempting to recover but remains in a bearish trend.
Key Levels to Watch:
Resistance: $1.630 – Breaking above this could lead to $1.680 and $1.730.
Support: $1.530 – A drop below this may trigger further losses to $1.500.
Trade Setup:
Long Entry: Above $1.620, targeting $1.680 and $1.730.
Short Entry: Below $1.530, targeting $1.500 and $1.470.
Market Insights:
The RSI at 63.63 suggests the recovery may still hold momentum, but the MACD is just crossing into bullish territory, indicating limited strength. Traders should watch for a confirmation of volume to sustain this uptrend.