Worldcoin [WLD] has demonstrated outstanding performance on both its weekly and daily charts, propelling the token to achieve a previously expected milestone. Nevertheless, indications have surfaced suggesting that this upward trend may soon come to a pause.<\/p>\n
Over the past 24 hours, Worldcoin has experienced a substantial increase in value, surging over 15% and reaching $3.35 as of the current moment.<\/p>\n
The favorable market conditions combined with WLD’s impressive performance have fostered a sense of assurance among long-term investors.<\/p>\n
According to CryptoCrypto’s analysis of IntoTheBlock’s data, the number of investors holding WLD for more than a year has surged by nearly 14% in the past month alone.<\/p>\n
Despite the recent surge in price, it is notable that only 19.18k WLD addresses were considered “in profit,” accounting for 59% of the total WLD addresses.<\/p>\n
Meanwhile, Ali Martinez, a respected crypto analyst, indicated via a tweet that WLD had reached the anticipated target of a head and shoulders pattern, signaling a potential retracement in the near future.<\/p>\n
Typically, such retracements occur when investors opt to secure profits and exit their positions, potentially triggering a sell-off and heightening the likelihood of a price correction.<\/p>\n
Charts from Santiment revealed a notable increase in WLD’s supply on exchanges, whereas the supply off exchanges saw a minor decline.<\/p>\n
An escalation in exchange supply implies that investors have been offloading their holdings, potentially leading to a price adjustment.<\/p>\n
However, large-scale holders (whales) appeared to be relatively inactive in trading the token, as evident from the supply held by the top addresses.<\/p>\n
The Long\/Short Ratio for the token has also witnessed a decrease within the 24-hour window, indicating a greater prevalence of short positions compared to long positions – a signal of mounting bearish sentiment.<\/p>\n
In addition, Worldcoin’s Chaikin Money Flow (CMF) technical indicator implies an existing sell-off. If this trend persists and results in price depreciation, WLD could find a support level around $2.9.<\/p>\n
A breach beneath this support level might drive the token further down towards $2.4.<\/p>\n
Nevertheless, if the market sentiment shifts and WLD bulls persist in their vigorous push, the token could potentially target its subsequent resistance at $4 in the upcoming days.<\/p>\n
However, for such an advance to occur, WLD must first surpass its current resistance barrier at $3.6, where it has been facing repeated tests.<\/p>\n","protected":false},"excerpt":{"rendered":"
Worldcoin [WLD] has demonstrated outstanding performance on both its weekly and daily charts, propelling the token to achieve a previously expected milestone. Nevertheless, indications have surfaced suggesting that this upward trend may soon come to a pause. Worldcoin Achieves Targeted Milestone Over the past 24 hours, Worldcoin has experienced a substantial increase in value, surging<\/p>\n","protected":false},"author":1,"featured_media":33147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-33146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=33146"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33146\/revisions"}],"predecessor-version":[{"id":33151,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/33146\/revisions\/33151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/33147"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=33146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=33146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=33146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}