Worldcoin Price Analysis: Can WLD Recover as Global Expansion Continues Amid Ecuador Launch and Kenya Comeback ?#BinanceTournament #CryptoTradingGuide #Megadrop #ETHETFsApproved #EarnFreeCrypto2024

Worldcoin is currently trading at $3.01 with a 24-hour drop of 0.32% while its market cap stands at $753 million ranking it 93rd among cryptos. The 24-hour trading volume has also seen a significant drop of 31.35% reaching $127,480,550.

In a recent development Worldcoin has announced the expansion of its World ID verification services to Ecuador. Starting June 26 in Guayaquil and June 27 in Quito, Ecuadorians aged 18 and above will be able to verify their World ID at six locations across these two cities. This move adds Ecuador to the growing list of Latin American countries offering Worldcoin services including Argentina, Chile, Colombia, Mexico and Peru.

Meanwhile Worldcoin has also received positive news from Kenya where police have dropped an investigation into allegations of illegal data collection and transfer. This decision clears the way for Worldcoin to resume operations in the country which were suspended in August 2023 due to privacy concerns. Thomas Scott who is the chief legal officer at Tools for Humanity has stated that user registration in Kenya will resume soon.

Worldcoin co-founded by OpenAI CEO Sam Altman reports having signed up 5.7 million users across more than 160 countries.

On the charts WLD has experienced a strong bearish trend since reaching its all-time high of $11.9 in early March. The price has consistently broken structures to the downside creating lower lows and lower highs. Recently it broke down from a ranging channel between the $4.3 and $6 levels.

The current price action suggests two potential scenarios. A rebound and close above the $6 resistance level could indicate a trend reversal potentially leading to higher targets. However a further drop to the $2.5 support zone might delay any potential trend reversal. Key resistance levels to watch are $3.7 and $4.3 while the main support level is at $2.5.