⚠️$WLD Critical Updates_
Current Price: $1.75
High: $2.40
Low: $1.695
Technical Analysis:
Worldcoin (WLD) is currently trading at $1.75, which is below the recent high of $2.40. The price has found support at $1.695, but the overall trend is still bearish.
Short-term Outlook:
If the price breaks below $1.695, it may lead to further selling pressure, targeting $1.60. However, if the price bounces off $1.695 and breaks above $1.85, it may indicate a short-term reversal, targeting $2.00.
Long-term Outlook:
The coin is still trading below the key resistance level of $2.40, indicating a long-term bearish trend. A break above this level is needed to confirm a trend reversal.
Recommendation:
Based on the current analysis, it's recommended to exercise caution and consider selling or shorting if the price breaks below $1.695. Alternatively, consider buying or longing if the price breaks above $1.85. However, please note that technical analysis is not always accurate and should be used in conjunction with other forms of analysis.
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