#MarketSentimentToday
#WLD/USDT⚡️⚡️ Price Analysis
If WLD breaks above the resistance level at $2.080, it could signal the start of a bullish trend. Sustaining the price above the 200-period MA on the 4-hour chart at $2.214 could further strengthen the bullish sentiment. An RSI rebound from oversold conditions above 50 could indicate increasing buying pressure. Additionally, a bullish MACD crossover, where the MACD line crosses above the signal line, can confirm upward momentum.
If WLD falls below the support level at $1.870, it could continue its downward trend. Maintaining the price below the 200-period MA on both 1-hour and 4-hour charts confirms bearish sentiment. RSI remaining below 30 for an extended period indicates strong selling pressure. Furthermore, a continued bearish divergence in the MACD, with the MACD line below the signal line and a declining histogram, supports further downward movement.
Bullish Targets: Above $2.080, next targets are $2.50 and $3.00.
Bearish Targets: Below $1.870, next targets are $1.50 and $1.30.
Disclaimer:
The information provided in this analysis is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments are subject to market risks, and it is important to conduct your own research before making any investment decisions.
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