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- The recent price action of the WLD crypto shows profit booking in the price.
- At press time, the price of the Worldcoin crypto is trading 439% above its all-time low.
Worldcoin introduces the World ID system, utilizing the Orb biometric device for secure identity verification online. WLD tokens facilitate seamless transactions and grant governance participation within the network.
Founded by Sam Altman, Alex Blania, and Max Novendstern, Worldcoin aims to create a globally inclusive identity and financial network driven by “proof of personhood.”
The IntoTheBlock data reveals that 46% of holders of WLD crypto are in profit and 91.21% of the Worldcoin is held by whales.
The price of the WLD crypto is highly volatile, resulting in 9.18%, while the crypto’s sentiment is bullish. The fear and greed index of the crypto further is at 66, which indicates greed among the investors.
Worldcoin has a good presence in the crypto market, as its market cap dominance is 0.05%. Moreover, the crypto has less than 3% of its total supply in circulation. That results in a circulating supply of 213.406M WLD.
The total and maximum supply for the crypto are the same, resulting in 10.0B WLD. It has a fully diluted market cap of $52.037B.
The value for the traded volume of the Worldcoin crypto has advanced by 78% in just the last 24 hours showing strong activity of traders in the crypto. Despite the surge in trading volume, the crypto’s market cap has declined by 10.9%.
The worldcoin cryptocurrency’s market cap ranking is #71, according to CoinMarketCap, and the crypto’s liquidity is very high. It is followed by a volume/market cap ratio of 57.73%.
Worldcoin Crypto Derivatives Analysis
The long liquidation recorded for the Worldcoin crypto in the last 24 hours is worth $3.23M. Against this, the short liquidation for the crypto is just $1.72M, which shows sellers’ dominance.
The derivatives volume of the Worldcoin crypto further witnessed a massive surge of 84.3% over the last 24 hours. It has resulted in a traded value of $1.98B, and the open interest has also witnessed an advance of 4.7%.
Consistent Lower Lows In WLD Crypto Technical Chart
On the daily chart of the WLD crypto, lower highs are formed, which shows bears’ dominance in the crypto price.
Moreover, following the most recent price action, equal highs are formed on the chart, followed by bearish candlesticks. That shows that the crypto’s price has the potential to decline to further lower levels.
WLD/USD Chart by TradingView
The price of the WLD crypto has declined below the 20-day and the 50-day EMAs and is currently heading towards the 200-day EMA. Thus, the current momentum of the crypto indicates a probability of further decline in the crypto price.
The MACD metrics are advancing from the lower levels, and its metrics are trading in a bullish cross. If the metrics continue to advance and enter the bullish trajectory, a change in trend to bullish might be witnessed in WLD crypto.
The RSI has dropped below the 50-level and the 14-day SMA, which shows a decline in the bullish momentum of the crypto at press time.
Summary
Despite holding above strong support, WLD crypto faces profit booking, with 46% of holders in profit.
High volatility persists with a bearish sentiment, evidenced by consistent lower highs and declining EMAs. While derivatives volume surges, technical indicators suggest further downside potential as the RSI declines and MACD remains bearish.
The WLD crypto has support levels situated at $2.180 and $4.280, while the resistance levels for the crypto are $8.80 and $10.820.
Disclaimer
This article is for informational purposes only and does not provide any 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.
