LIVEMASSIVE ALERT ON $WLD ⚠️ Here Is Why 👇
Worldcoin is currently experiencing a challenging phase. Its 30 days MVRV Ratio dropped to -14.98% and that's a sign of a potential undervaluation. In addition, the average directional index (ADX) from 11.06 to 39.4, shows a significant bearish movement. Also, the recent "death cross" on EMA (4hrs timeframe), reinforces the bearish Hypothesis. At last, daily active addresses are not looking good and they are rising concerns among investors. In fact, a slow down on active addresses makes the Worldcoin community "Untrusty"!
PRICE DIRECTION
In my opinion, considering these factors, WLD may tests the support S2 (6.44) and further more S2 (5.6 to 6). In case of a positive market dynamic shift, then we should look at R1 (7.35) and R2 (8.2). Personally, I see WLD an interesting specualtive asset in the short / Medium term. Althoug, I'm not planning to hold it for the long term (4-7 years). The Fully Diluted Market Cap ($68,569,069,540) Vs Current Market Cap ($1,214,292,067) is massively high and thus a Red Flag 🚩
