Crypto:
30336
Bitcoin:
$64.968
% 0.09
BTC Dominance:
%54.2
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
Bitcoin:
$ 64.968
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

Worldcoin (WLD) Consolidates Between $4.3 and $6.2, Aiming for a Breakout

Worldcoin

Worldcoin (WLD) has been trading in a consolidation zone between $4.3 and $6.2 for the past two months. This sideways price movement suggests a balance between buyers and sellers.

Currently, WLD is experiencing an upward trend with its sights set on breaking above the $6.2 resistance level. A successful breakout could signal a new bullish phase for the altcoin.

If the price falls below the crucial $4.3 support level, a head and shoulders pattern could emerge, potentially leading to a further price decline and a retest of the rising trend line support.

Worldcoin

According to IntoTheBlock’s data, 2.98 million WLD are nearing a profit zone (bought between $4.87 and $4.88). With the current price hovering around $4.84, these investors may soon be incentivized to sell.

On-Chain Analysis

İnvestors are moving their WLD off exchanges, potentially indicating a bullish sentiment. The price is currently between the lower and middle bands, suggesting low volatility and a potential recovery from oversold conditions. A neutral reading of -0.01 indicates investor indecision.

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