📉 Worldcoin (WLD) Analysis & Insights

Worldcoin (WLD) is currently experiencing significant downward pressure, trading around $1.43 after hitting highs of nearly $12 earlier this year. The bearish sentiment is evident across multiple timeframes, with MACD and RSI indicators showing continued selling momentum. On the weekly chart, WLD is flirting with key support around $1.43, while volume remains low, suggesting cautious market participation.

Key Levels to Watch:

• Support: $1.43 and $1.80

• Resistance: $1.50 and $1.80

• RSI: Currently oversold on the weekly chart, indicating a potential short-term bounce.

📊 Technical Outlook:

• Short-term: Potential for a relief rally due to oversold RSI, but resistance at $1.50 could cap gains.

• Long-term: Bearish trend persists unless a strong breakout above $1.80 occurs with volume confirmation.

🛠️ Recent Developments:

• Worldcoin’s Community Grants Program and rising global interest in World ID are positive long-term catalysts. However, the circulating supply dynamics and recent loan agreements with trading firms may affect short-term price stability.

📢 Guidance:

Given the current technical setup, caution is advised. Traders might look for a confirmed breakout before considering new positions. For investors, patience may be key until a clearer trend reversal is evident.

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