$WLD
Where Will WLD Find a Strong Support?
We just saw what we call a "quick price rejection" in the activities of WLD/USDT chart. This is after a quick bullish price movement that saw the price of WLD at 9.45 High.
People holding positions are probably wondering what would happen next.
The Analysis:
WLD/USDT just touched the immediate support zone at 7.7... while this is not a strong support zone, there are chances that the buy orders in this zone can take the price of $WLD upward ⬆️. If, however, the price action breaks this immediate support zone, then know that next strong support is at 6.25!
My Verdict:
If you're holding a SHORT position on this market, it is time to lock in your profit! Except, of course, you're not a short-term trader!
The chances of this market breaking the immediate support is slim, so we have a higher chance of getting the token back to a higher price!
If you see a confirmation, confidently take a LONG position from this zone!
What Do We Know About WLD So Far?
WLD is the native token of Worldcoin, a digital identification platform that aims to provide each person on earth with a convenient way to verify that they are a real human and not a bot or an AI algorithm.
The platform uses an iris-scanning device called the Orb to create unique identification codes for users, which are stored on a decentralized blockchain. Users can also access a crypto wallet app that can hold WLD tokens, as well as bitcoin and ethereum.
The token went live on July 24, 2023, and is listed on various trading platforms and exchanges, including the Crypto.com App and Exchange.
To mark the official launch, a significant amount of WLD tokens was airdropped to users. As outlined in the Worldcoin white paper, a total of 10 billion WLD tokens will be issued over a span of 15 years.
Currently, 143 million WLDs are circulating as of the official launch. Of this amount, 43 million were allocated to verified World App users, and 100 million were sent to market makers to facilitate trading.
Love ❤️ and Light 💡
Let's meet at the Top!!!
