$WLD rose approximately 7.4% over the past 24 hours, making it one of the top-performing assets among the top 50 cryptocurrencies as it rallied against a sluggish broader market.
The market correction from October 7 to 8 forced the liquidation of nearly $9 million in WLD long positions, while the rebound on the 10th led to approximately $1.36 million in short liquidations, signaling a clear shift in the balance between bulls and bears. After finding buying support near the low of $0.466, the price rebounded. Technically, $0.655 and the June high of $0.723 are the next levels to watch. However, the weekly chart remains bearish; the price would need to reclaim $2.21 to confirm a long-term trend reversal.
#Worldcoin #CryptoMarket
(Source: X)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
The market correction from October 7 to 8 forced the liquidation of nearly $9 million in WLD long positions, while the rebound on the 10th led to approximately $1.36 million in short liquidations, signaling a clear shift in the balance between bulls and bears. After finding buying support near the low of $0.466, the price rebounded. Technically, $0.655 and the June high of $0.723 are the next levels to watch. However, the weekly chart remains bearish; the price would need to reclaim $2.21 to confirm a long-term trend reversal.
#Worldcoin #CryptoMarket
(Source: X)
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.