Worldcoin (WLD) Leads The Top Losers
Worldcoin (WLD) leads the list of top losers this week, with its value diminishing by more than 17.38%. Trading around $4.96, it has seen a slight intraday recovery of 1.38%. with a current market capitalization of 1.066 Billion, the crypto ranks 80th among all.
Moreover, Since mid-March, WLD has been in a downturn, unable to recoup its losses. The daily chart indicates a consolidation pattern beginning mid-April, hovering around the critical 50-day and 200-day exponential moving averages (EMAs).
At present, the 50-day EMA is acting as a dynamic barrier. Now, until the crypto hovers below it, the downward trend is likely to persist. Conversely, a breakthrough above the 50-day EMA could signal a potential trend shift, possibly leading to gains. However, the risk of further decline remains as long as the cryptocurrency continues its corrective phase.
Worldcoin (WLD) leads the list of top losers this week, with its value diminishing by more than 17.38%. Trading around $4.96, it has seen a slight intraday recovery of 1.38%. with a current market capitalization of 1.066 Billion, the crypto ranks 80th among all.
Moreover, Since mid-March, WLD has been in a downturn, unable to recoup its losses. The daily chart indicates a consolidation pattern beginning mid-April, hovering around the critical 50-day and 200-day exponential moving averages (EMAs).
At present, the 50-day EMA is acting as a dynamic barrier. Now, until the crypto hovers below it, the downward trend is likely to persist. Conversely, a breakthrough above the 50-day EMA could signal a potential trend shift, possibly leading to gains. However, the risk of further decline remains as long as the cryptocurrency continues its corrective phase.