$WLD

Worldcoin ($WLD) Token Unlock Event: Minimal Price Impact

- Recent token unlock event had a brief 11.74% price surge, but the price remains bearish

- Traders show negative sentiment, with a lack of conviction in price movements

- Futures market indicates a neutral to bearish trend

- Development team, Tools for Humanity, extended the unlock schedule to manage market supply and stabilize prices

Technical Analysis:

- Short-term moving average: Neutral to bearish trend

- Relative Strength Index (RSI): Neutral to bearish trend

- Funding rate: Negative, indicating sellers dominate the market

Conclusion:

The Worldcoin token unlock event had a minimal impact on its price, and traders are betting on a price decline. The extended unlock schedule aims to manage market supply and stabilize prices, but the technical analysis suggests a neutral to bearish trend.

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