What Does Worldcoin (WLD) Price Structure Highlight on the Daily

Jul 24

According to Tradingview, it (WLD/USD-BINANCE) was 1200% higher than its all-time low price. The low was at $0.1503, registered on July 24th, 2023.

Likewise, the all-time high was registered on March 9th, 2024, when the price peaked at $11.76. Comparatively, from the ATH level, the price as of press time was nearly 80% down.

The uptrend in the first quarter of 2024 was short-lived, where after the recorded peak showed instability, bears took control.

The price, as of writing, has traded at the support zone, where history has witnessed some massive gains of more than 400% on the daily chart.

Despite the major level, the bearishness looked supreme as EMA's has pushed the price below. MACD histogram is on the verge of vanishing soon. The RSI has flushed below the median line at 43.57.

Therefore, if further bearishness prevails, then the bears could eye for support like $1.50 and $1.00, respectively. However, if the price bounces back, then the hurdles above are $3.30 and $4.40, respectively.