$WLD 0.4433, down 5.22% over 24 hours. The drop itself is nothing unusual; what’s unusual is that the rebound has had virtually no volume.
The key level to watch is the 0.4524 MA20. The current price is still 2% away from it.
The sell-off happened yesterday at 16:00, when a single 5.35 million trade pushed the price from 0.4661 down to 0.4423.
For the next 17 hours, average hourly volume was just 1.1 million, down 23% from before the sell-off.
The volume still hasn’t come back.
The price rebounded 3.12% from 0.4299, recovering 37% of that drop. It looks like a recovery, but really, sellers have just stopped selling. A little selling pressure could push the price down again, and the order book was already very thin.
It’s only a recovery if the price holds above 0.4524. There’s no rush to follow until that’s confirmed. If it falls below the 24-hour low of 0.4299, keep an eye on 0.42—don’t try to catch the drop.
Whether buyers are willing to step in at this level matters more than how high the price rebounds.
The 1-hour chart shows 200 candles; the rightmost candle is still forming.
Screenshot taken at 10:36 (UTC+8).
Source: https://api.binance.com/api/v3/klines?symbol=WLDUSDT&interval=1h&limit=200
The key level to watch is the 0.4524 MA20. The current price is still 2% away from it.
The sell-off happened yesterday at 16:00, when a single 5.35 million trade pushed the price from 0.4661 down to 0.4423.
For the next 17 hours, average hourly volume was just 1.1 million, down 23% from before the sell-off.
The volume still hasn’t come back.
The price rebounded 3.12% from 0.4299, recovering 37% of that drop. It looks like a recovery, but really, sellers have just stopped selling. A little selling pressure could push the price down again, and the order book was already very thin.
It’s only a recovery if the price holds above 0.4524. There’s no rush to follow until that’s confirmed. If it falls below the 24-hour low of 0.4299, keep an eye on 0.42—don’t try to catch the drop.
Whether buyers are willing to step in at this level matters more than how high the price rebounds.
The 1-hour chart shows 200 candles; the rightmost candle is still forming.
Screenshot taken at 10:36 (UTC+8).
Source: https://api.binance.com/api/v3/klines?symbol=WLDUSDT&interval=1h&limit=200
