- Worldcoin price has declined by 73% since April, showing sellers’ grip.
- The trading volume has increased by 120% at press time in the past 24 hours.
- RSI has developed a golden crossover with the RSI-based moving average.
WLD price has witnessed strong selling pressure for the past few months and has declined to the demand zone. In February, the Worldcoin price showed strong buying pressure of 300% in 3 weeks from the same zone.
After losing 73% since April, the WLD crypto price has formed a hammer candlestick on the $2.30 level and tried to halt. The price was at the major support level, and expecting to approach the 20-day EMA at press time.
At press time, Worldcoin traded at $2.31 with an intraday gain of 1.44%. The market capitalization was $617.75 Million, and the 24-hour trading volume was $372.72 Million. The circulating supply is $262,569,424 WLD, and the total supply was 10,000,000,000 WLD at the time of writing.
100x Anticipated Ahead?
Guys added $wld here for a 100x
— Cryptobull ( Free Premium Calls ) (@Cryptobullmaker) July 3, 2024
Mark this tweet and come back to this in a year 🖊️
Not perfectly 100x but u can say between 80-120x we will sell at the top of this cycle 📈
Like and retweet and bookmark📕 this ❤️ pic.twitter.com/QZNH4yIZHv
A source on X claims that the WLD crypto price has the potential to move to 100x in the next few months. The Worldcoin price is expected to bounce back this year, and Whales are planning to book profit at the top of this cycle. If not 100x, then at least 80x to 120x is loading in Worldcoin.
Technical Analysis of WLD Crypto at 1-D Timeframe; $5 Mark Next Month?
The Worldcoin crypto price has shown a violent fall in a daily time frame and settled in the demand zone. If the price extends to the 20-day EMA and faces resistance, the recent trend may continue.
The digital asset price below the demand zone may attract the sellers, leading to strong selling pressure. However, most of the liquidity could be waiting below the demand zone.
On the other hand, if the WLD crypto price surpasses the 20-day EMA, recovery from the demand zone may attract investors. It may lead to a sharp recovery by the involvement of whales.
Turning to the technical indicators, the RSI has developed a bullish crossover with the RSI-based moving averages. Despite a huge fall, the histograms are flipping to green at press time, and a golden crossover with the signal line has developed.
Overall, the technical indicators favor the bullish forecast.
Can WLD Show a V-shaped Recovery?
WLD is currently in a demand zone, and there are indications that it may rebound to recover from previous losses. The recent decline in price has been substantial, but there are signs of potential recovery.
Technical analysis suggests that if the price surpasses the 20-day EMA, it may attract investors and lead to a sharp recovery. Additionally, some sources claim that there is potential for significant growth in the coming months, with predictions of a 100x increase in price.
Technical Levels
The WLD crypto price is expected to take support at the $2.20 and $1.00 levels. The price may take support at the $3.00 and $4.40 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
