WLD remains at $1.32 – Will bulls push it to $1.84, or will bears drag it down to $0.90?
Worldcoin in a Neutral Phase
Worldcoin [WLD] is currently in a consolidation phase, with traders closely monitoring key levels that could determine its next move.
The price has fluctuated between $1.20 and $1.32, and a breakout above the $1.32 resistance could pave the way for a rise to $1.84. Conversely, if support fails, a decline to $0.90 could be imminent.
In the last 24 hours, WLD has gained 3.90%, while its weekly performance shows a 4.78% increase. Current price formations suggest accumulation and growing bullish interest.
Key Resistance and Support Levels
🔹 Resistance: $1.33 – This level forms the upper boundary of the current consolidation range. A breakout above could lead to a test of $1.84 as the next resistance level.
🔹 Support: $1.20 – If this level is breached, the price could decline further toward $0.90.
Traders are closely watching these key levels to gauge the market’s next move.
Technical Indicators and Market Sentiment
📊 20-day Simple Moving Average (SMA) at $1.2576 serves as dynamic support.
📉 Bollinger Bands:
🔹 Upper Band – $1.3195
🔹 Lower Band – $1.1956
This range suggests low volatility, and a breakout beyond these levels could indicate a trend shift.
📈 Directional Movement Index (DMI):
🔹 +DI: 22.4575
🔹 -DI: 26.6357
This indicates that sellers maintain slight control. However, if +DI surpasses -DI, buying pressure could increase.
📊 Relative Strength Index (RSI): 56.54
This reading signals a neutral to mildly bullish trend. If RSI surpasses 60, buyers may push the price higher. Conversely, a drop below 50 could indicate renewed selling pressure.
On-Chain Data and Market Participation
📊 Data from IntoTheBlock reveals that at $1.32, only 0.63% of holders (239 addresses) are in profit, while 96.77% of addresses (36,640) are at a loss.
📉 Market Sentiment:
The Bulls & Bears indicator shows a balanced sentiment, with 137 bulls versus 140 bears over the past 7 days. This reflects a tight contest between buyers and sellers without a clear dominance.
What to Expect Next?
🔹 A breakout above $1.34 could push WLD toward $1.84, supporting further bullish momentum.
🔹 A drop below $1.20 might lead to a downward move toward $0.90.
Traders remain on high alert, closely monitoring market movements that will decide WLD’s next direction. 🚀📉
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