[Worldcoin (WLD) integration will bring holders $130 million in profits]
This could quickly lead to significant profits due to bullish investor sentiment.
Although the price of Worldcoin (WLD) has not increased significantly, WLD holders may be about to reap profits. According to Global Profit and Loss Metrics (GIOM), approximately 27.11 million WLDs are about to make a profit.
These WLDs worth over $130 million were purchased between $4.38 and $4.95, and with WLD currently priced at $4.91, profits are just around the corner. Interestingly, this altcoin is consolidating despite profits; however, this is not due to investor selling behavior.
According to the active address data of the profit distribution, less than 3% of the participating investors are in profit. Generally speaking, when these WLD holders dominate trading addresses on the network, prices tend to fall as profitable investors seek to sell at a profit.
However, since this is not the case for WLD, the altcoin’s price may see a recovery. Worldcoin is currently priced at $4.91, having grown 5% in the past 24 hours. The altcoin formed a failed double bottom bullish pattern in April and has been consolidating since mid-May.
Consolidating between $5.64 and $4.38, WLD is not close to breaking the upper limit and has tested the lower limit multiple times but remains strong. Therefore, the altcoin is likely to continue trading sideways.
However, if the price of Worldcoin falls below the $4.38 support, this bullish neutral assumption will be negated, potentially sending WLD down to $4.00 as the next significant support level.
