Worldcoin (WLD) Price Prediction: $50 Next Stop?
Worldcoin plans to sell up to $195 million of WLD tokens, expanding the token supply by 18.6%.
WLD is facing bearish pressure after hitting an all-time high of $11,970 on March 10.
On the daily chart, $WLD has been rejected at the upper boundary of the descending channel pattern.
Despite the recent gains, $WLD encountered resistance yesterday when breaking out of the channel pattern.
The failure of the bulls to sustain the momentum led to a 3.50% drop in the price.
WLD has completed a five-wave uptrend, suggesting that the subsequent decline was a correction.
A breakout of the channel pattern could signal a significant recovery that could potentially surpass the previous all-time high.
According to Coin Gabbar analysis,
Conversely, a rejection could lead to another downturn that could take the price below $4, according to Coin Gabbar analysis.
Key levels:
Resistance: $6.50-$8.00
Support: $4.40-$3.00
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