Technical Analysis Update #WLD

1. Current trend:

• The price has risen to 2.255 USDT, breaking strongly through the previous resistances of 2.202 USDT (MA(25)) and approaching the resistance of 2.276 USDT (24-hour high).

• The MA(7) (2.182 USDT) and the MA(25) (2.199 USDT) are acting as dynamic supports, confirming the short-term bullish trend.

2. Technical indicators:

• RSI (14): At 57.382, the index shows bullish momentum, but is not yet in the overbought zone (<span Volume: Although lower than at the start of the rebound, it remains sufficient to sustain the bullish movement.

• Moving Averages:

• The price is above all key MAs, indicating clear buyer dominance.

3. Key Levels:

• Supports:

• 2.199 USDT: Immediate support derived from the MA(25) and previous resistance broken.

• 2.172 USDT: Intermediate support.

• 2.114 USDT: Major support level confirmed.

• Resistances:

• 2.276 USDT: Next resistance to overcome.

• 2.307 USDT: Highest resistance observed recently.

Recommendations:

1. Entry Strategy:

• If the price breaks and closes above 2.276 USDT with increasing volume, an entry towards 2.307 USDT can be considered.

• If there is rejection at 2.276 USDT, it might be prudent to wait for a pullback towards 2.199 USDT before making any decisions.

2. Risk Management:

• Stop loss recommended below 2.199 USDT to protect capital.

3. Precautions:

• Keep an eye on the RSI. If it approaches overbought values ​​(70), a correction could occur.

Conclusion:

The price continues its recovery with strong bullish momentum, but faces a major resistance at 2.276 USDT. A breakout with volume could pave the way to higher levels, while a rejection could bring a temporary pullback.