Crypto traders and analysts are closely watching Filecoin (FIL) and Worldcoin (WLD) as both tokens display intriguing market signals. Recent technical analyses and price movements have sparked discussions about potential bullish trends for these digital assets.
Filecoin Shows Signs of Potential Rebound
Ali, a top crypto analyst, has identified a buy signal for Filecoin on the 3-day chart using the TD Sequential indicator.
This technical tool suggests a possible rebound lasting one to four candlesticks. The indicator is widely used by traders to identify potential trend reversals.
The TD Sequential presents a buy signal on the #Filecoin $FIL 3-day chart, anticipating a rebound of one to four candlesticks! pic.twitter.com/DVenXriA24
— Ali (@ali_charts) July 10, 2024
Meanwhile, another analyst, Clifton Fx, notes that FIL is currently moving under a descending channel in the daily timeframe.
Clifton anticipates a “massive bullish wave” if an upside breakout occurs. However, he emphasizes that traders are currently waiting for confirmation of this breakout.
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Show more +Show less – Worldcoin (WLD) Price Analysis
Yuriy BikoTrading, an OrderFlow trader, provides insights into Worldcoin’s recent price movements. He points out that WLD needs to break the current Value Area High (VAH) to initiate an upward move.
In a subsequent tweet, Yuriy notes that the price has indeed broken through this level with a significant $200 million candle.
$WLD Price broke Value with $200m candle For BIgger rise daily candle should close above $2 Also Open interest increased by 20%Squeeze up = PUMP#WLD https://t.co/V9KMTTsJFL pic.twitter.com/JNTwqzqADT
— Yuriy BikoTrading | OrderFlow Trader (@Yuriy_Biko) July 10, 2024
For a more substantial price increase, Yuriy suggests that the daily candle should close above $2.
He also highlights a 20% increase in open interest, indicating growing market participation. The combination of these factors leads him to anticipate a potential “squeeze up” or pump in WLD’s price.
Read also: Here’s Why Kaspa (KAS) Price is Set to ‘Explode’
Investor Sentiment and Future Outlook
Bmoon , a crypto enthusiast, expresses optimism about WLD’s future performance. He shares his decision to buy WLD, drawing parallels to February’s price action.
Moreover, Bmoon envisions a best-case scenario of a “parabolic pump” similar to that month’s performance.
Additionally, Bmoon mentions Worldcoin’s plans to release a Layer 2 solution called World Chain. This development could potentially bring more utility to the WLD token, further driving interest and adoption.
Despite the positive signals, it’s important to note that crypto markets remain highly volatile. Bmoon, while optimistic, also suggests a more conservative profit-taking target at $2.5 as a worst-case scenario.
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