Worldcoin Price Forecast: Is The WLD Coin Close To Its Bottom?

• WLD crypto is trading +4.34% above its all-time low price.
• Worldcoin crypto is showing an advance of +1.93% in derivatives trading volume resulting in $274.66M.

Price Data of The Worldcoin

The Long/Short ratio for the WLD crypto in the last 24 hours is 0.9109 with a short liquidation of $86.53K. Also, the market cap of the crypto has slightly advanced by +4.57%. It increased the Worldcoin crypto’s trading volume by +47.84%.

The circulating supply of Worldcoin is 156.2M WLD following a max supply of 1.0 Billion WLD. The fully diluted market cap of the crypto is $2.0 Billion following a market cap dominance of 0.016% in the overall crypto market.

Volume/Market cap ratio of the WLD price is 0.2178 resulting in the market cap rank of #171. The crypto has also declined by -13.2% in the last 7 days. The community looks bearish on the WLD coin because 66% of users have voted for bearish as per Coingecko.

WLDUSD Technical Analysis 

The price of the Worldcoin token has been consistently declining from the higher levels making lower low swings. That resulted in the formation of a dynamic resistance at the higher levels.

The market is weak for WLD, as the price has been falling for a long time. The 50-day EMA line has crossed below the 200-day EMA line, forming a death cross. That’s a bearish sign indicating the downtrend is strong.

The RSI for the WLD coin is weak on charts because it is trading without any momentum. It has declined below the level of 50 and represents the lack of momentum in the crypto.

Technical overview of WLDUSD

The technical summary is showing a sell signal for the cryptocurrency because it is weak on the daily timeframe. Out of 26 indicators, only 4 are bullish, while 12 are bearish, and 10 are neutral. This means that the price is likely to go down further.

Conclusion

Worldcoin price is consistently declining from the higher levels and is in a downtrend. The EMA and RSI are also supporting the decline in price. It indicates the presence of sellers in the market.

We might witness a change in trend else the price may continue to decline to lower levels if the price breaks above the dynamic resistance.

Technical Levels

• The support levels for the Worldcoin coin are – $1.1896 and $1.3121
• The resistance levels for the Worldcoin coin are – $1.5882 and $1.7371

Disclaimer

The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.