Current Market Overview
Current Price: $2.125 (+1.63%)
24h Range: $2.073 - $2.496
24h Volume: 65.03M WLD ($147.29M USDT)
Price Change: -6.81% (Recent strong dip)
Worldcoin (WLD) has recently experienced a strong dip, reaching a low of $2.073, and is now attempting a recovery move. This suggests a possible rebound or further downside if key support fails.
---
Key Support & Resistance Levels
Support Levels: $2.10, $2.07 (Strong buying interest)
Resistance Levels: $2.20, $2.25 (Major selling pressure)
Breakout Resistance: $2.30 (Key bullish confirmation level)
Currently, WLD is testing support near $2.10 - $2.07. If this zone holds, we may see a bullish move toward $2.25 - $2.30. However, a break below $2.07 could signal further downside.
---
Technical Indicators & Signals
1. Relative Strength Index (RSI)
RSI: 45 (Neutral)
This indicates a balanced market with no overbought or oversold conditions.
2. MACD (Moving Average Convergence Divergence)
Slight bullish crossover on the 30-minute chart
Suggests potential upward momentum, but confirmation is needed.
3. Bollinger Bands
Price near the lower band
This signals a potential rebound or continuation downward if volume does not support recovery.
---
Trading Strategy
Bullish Trade Setup (Long Position) 🎯
Entry: Above $2.20 (Confirmed breakout)
Targets:
$2.25 (First resistance)
$2.30 (Stronger resistance)
$2.40 (Major bullish target)
Stop-Loss: Below $2.10
If WLD breaks above $2.20 with strong volume, it could move toward $2.30 - $2.40.
Bearish Trade Setup (Short Position) 🎯
Entry: Below $2.10 (Confirmed breakdown)
Targets:
$2.05 (Initial target)
$1.95 (Stronger support)
$1.90 (Major bearish target)
Stop-Loss: Above $2.15
If WLD fails to hold $2.10 - $2.07, a drop toward $1.95 - $1.90 is likely.
---
Should Traders Buy WLD Now?
Short-Term Traders:
Buy above $2.20 for a potential breakout.
Short below $2.10 for a breakdown move.
Long-Term Investors:
Consider buying near $2.07 if it holds as strong support.
If $2.00 breaks, wait for further dips before re-entering.
---
Conclusion
WLD is in a critical zone between $2.07 (support) and $2.20 (resistance). A breakout above $2.20 could trigger a rally to $2.30 - $2.40, while a break below $2.07 could lead to $1.95 - $1.90.
Traders should wait for confirmation before entering positions and use tight stop-loss orders due to market volatility.
