The Worldcoin crypto has shown remarkable price action on the daily chart, before around March 9th, 2024, the price was favoring bulls. However, the WLD crypto exhibited deterioration afterward as the price tumbled from a crucial level of around $11.75 on the chart. On the chart, the shift of wind in the bear's hand, showed a severe crash, as it touches the resistance-based supply level and plunges towards lower levels.
Over the chart, the price formed a support at $4.50 by mid-April and started consolidating for later on sessions, the bulls tried to recover but failed to do so, under the bearish influence.
Worldcoin Crypto Indicators Analysis And Its Forecast
furthermore, the WLD asset is exhibiting bearishness and falling capacity as it slides below major trend 20-day, and 50-day EMA bands, contingent on the sellers' surge, the previously formed support at $4.50 could be taken down.
Similarly, the WLD asset is exhibiting bearish performance, as MACD has trying to converge and bearish cross is anticipated, and the RSI is not close to the 30 level yet, meaning that the Worldcoin asset is not facing significant buying pressure and could continue to fall, in the coming sessions.
Overall on the daily chart, the Worldcoin asset is revealing bearish signs and signifies, that it has the capacity to sink lower, under bearish pressure. Likewise, it has recorded bad results in the previous week by -16.00 %, signifying a steady downward movement on the daily chart.
At press time, the WLD crypto is experiencing a massive decline of -10.15% in the last 24 hours, and it is currently trading at $5.066. Therefore, if the Worldcoin crypto price fails to stay above the $4.50 level, it could decline further and hit lower lows on the daily chart.
However, if the demand for the Worldcoin asset price increases with the buyer's interest rise, it could bounce back from the current level. Then the next goal for the price is to break the $7.00 resistance, and breaking this would give an aim towards $11.00.
Over the chart, the price formed a support at $4.50 by mid-April and started consolidating for later on sessions, the bulls tried to recover but failed to do so, under the bearish influence.
Worldcoin Crypto Indicators Analysis And Its Forecast
furthermore, the WLD asset is exhibiting bearishness and falling capacity as it slides below major trend 20-day, and 50-day EMA bands, contingent on the sellers' surge, the previously formed support at $4.50 could be taken down.
Similarly, the WLD asset is exhibiting bearish performance, as MACD has trying to converge and bearish cross is anticipated, and the RSI is not close to the 30 level yet, meaning that the Worldcoin asset is not facing significant buying pressure and could continue to fall, in the coming sessions.
Overall on the daily chart, the Worldcoin asset is revealing bearish signs and signifies, that it has the capacity to sink lower, under bearish pressure. Likewise, it has recorded bad results in the previous week by -16.00 %, signifying a steady downward movement on the daily chart.
At press time, the WLD crypto is experiencing a massive decline of -10.15% in the last 24 hours, and it is currently trading at $5.066. Therefore, if the Worldcoin crypto price fails to stay above the $4.50 level, it could decline further and hit lower lows on the daily chart.
However, if the demand for the Worldcoin asset price increases with the buyer's interest rise, it could bounce back from the current level. Then the next goal for the price is to break the $7.00 resistance, and breaking this would give an aim towards $11.00.