LIVEWLDUSDT Ready for GREENS ๐๐๐๐๐
I have talked about the Worldcoin project and background in my previous posts. Today let's analyze the token against USDT so you can see why you need to HODL WLD.
Fundamental Analysis:
The Worldcoin (WLD) project has seen some significant developments recently.
- Regulatory Challenges: Worldcoin has faced regulatory concerns, leading to the suspension of its operations in Hong Kong.
- Strategic Moves: The project made a strategic move to switch operator rewards from USDC stablecoins to WLD tokens, which was expected to increase the circulating supply of WLD tokens.
- Price Surge: Following this strategic change and renewed commitment from OpenAI CEO Sam Altman, the WLD token price saw a dramatic increase.
Technical Analysis
This is a 4-hr CHART Analysis of the WLDUSDT pair.
WLD has tested the 4.0 Support zone three times and was strongly rejected the entire time. However, this market has seen resistance at the 5.1 marker!
The support zone tests have shown successive higher lows. An indication of a bullish move.
The market might drop back to the 4.2 zone slightly lower than the previous low, but don't panic this will only give a strong confirmation for the bullish move.
If, however, this market breaks the 5.1 resistance without returning, then the buys are expected to rally back to 10.0!
Verdict:
If you're an aggressive trader, this is an entry for a buy market for you! However, if you're a more patient trader, maybe you should wait for the retesting to the support zone marked before entry. This will give you a stronger confirmation.
Remember: always stay profitable!
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