WORLDCOIN (WLD) CONTINUOUSLY DECREASED OVER THE LAST 139 DAYS
The price of Worldcoin (WLD) has continued to decline over the past 139 days, although the increase in new investors has increased from 30% to 52%. Let's find out why!
Key Events and Market Reaction
CELEBRATE & UNLOCK TOKEN:
July 24 marks one year of WLD's existence and the first token unlock.
Starting July 25, 2 MILLION WLD TOKEN from investors and the Tools for Humanity (TFH) team will be unlocked every day until 2028.
PRICE EFFECT: Both events did not push up the price of WLD, even the large token unlock increased more SELLING PRESSURE, causing the price to decrease.
SELLING PRESSURE: Unlocking tokens often increases selling pressure as early investors and teams may sell tokens to lock in profits, leading to price drops.
DOWN RSI: The RSI, a momentum oscillator, continues to decline, indicating increased selling pressure. RSI ranges from 0 to 100, with values below 30 indicating OVERSOLD CONDITIONS.
NEW INVESTORS: Acceptance rate increased to 52%, indicating an increase in short-term holders potentially selling, putting further pressure on prices.
Price Prediction
CURRENT PRICE: WLD is down more than 27% in the past 8 days and 81% in the past 139 days, currently trading at $2.12.
SUPPORT LEVEL: If support at $2.0 fails, the price could drop to $1.7 or lower. However, a recovery could help WLD rebound and reach $2.5, potentially pushing $3.0.
