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#WLD #Worldcoin #WLD 🪙🪙
📆As of January 28, 2025,
#WorldCoin. Worldcoin (WLD) is trading around $1.78, with an intraday high of $1.94 and a low of $1.76.
📉📊Summary Technical Analysis:
Overall Trend: According to TradingView, the summary technical rating for Worldcoin is Sell, with a strong sell signal on the 1-month analysis.
📶Moving Averages: Bitget's analysis shows that on the daily time frame, the moving averages indicate a strong sell signal, with 13 sell indicators and none buying.
RSI (Relative Strength Index): The weekly RSI stands at 49.47, suggesting a mild bearish trend as it is below the neutral line of 50.
🔛Support and Resistance:
Immediate Support: $2.15, level where WLD has found support recently.
Key Resistance: $2.30; a break above this level could take the price towards $2.50.
✅Entry Strategies:
Long Entry (Buy): If the price breaks out and consolidates above the resistance of $2.30, a long entry could be considered, with targets at $1.80 and $1.95.
Short Entry (Sell): If the price falls below the support of $2.15, a short entry could be evaluated, targeting levels of $1.5 and $1.7.
Conclusion:
Worldcoin is showing technical signs of a bearish trend in the short term. It is essential to monitor the mentioned support and resistance levels, as well as technical indicators, in order to make informed decisions. Given the volatility of the cryptocurrency market, caution and proper risk management are advised when considering trading WLD.
$WLD