WLD strongly breaks through the $2 mark, and the $3 target is within easy reach
WLD has stood out in recent market performance as its price broke above the key $2 level, signaling possible further gains into the $3 range. This remarkable rally not only attracted widespread attention from investors, but also revealed the complexity of the driving forces behind it.
In the past 24 hours, WLD price has achieved an impressive increase, increasing by more than 11%, and trading volume has surged by 100%, far exceeding the performance of many mainstream cryptocurrencies. This strong rebound marks WLD's success in breaking away from the consolidation trend of nearly two months and retesting and challenging the important psychological level of $2.
Although Worldcoin hit an all-time high of $11.9 over the past year, most current holders are still in the red. Data shows that approximately 428,000 addresses purchased WLD at an average price of $8, which is much higher than the current market price of $2.14. However, this does not mean a loss of market confidence. On the contrary, these holders may choose to stick to their positions and look forward to a future price rebound.
Whenever WLD approaches important price levels, the market will always see traders cashing out. However, in the past week, WLD prices have surged by 30%, showing that there are third-party forces in the market actively absorbing selling pressure. This phenomenon shows that despite the short-term fluctuations, WLD's long-term prospects are still optimistic.
In addition, WLD’s currency holding structure is also worthy of attention. Whales dominate the market, holding a whopping 83.8% of WLD supply. Recently, these whales have been actively accumulating WLD outside exchanges, accumulating more than 9 million WLD in the past five days alone. This behavior not only effectively alleviated the market selling pressure, but also provided strong support for WLD's further rise.
WLD is currently at a critical turning point. Investors’ confidence in WLD is gradually returning as the price successfully breaks through the $2 mark and shows the potential for continued growth. If this upward trend continues, WLD’s goal of breaking through $3 in the future will no longer be out of reach. However, investors also need to remain cautious and pay close attention to changes in market dynamics and risk factors.
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