- The price of Worldcoin is consolidating between the key levels of $4.3 and $6.2.
- Metrics show a positive trend with potential profits for all holders.
Worldcoin [WLD] Since the beginning of February, there has been a consolidation in an oscillating pattern between $4.3, $6.2, and $7.4. This $4.3 level of support has been repeatedly tested, showing a significant buying interest.
It has also been three times that the resistance level at $6.2 was tested, indicating an increased level of activity. WLD has been on a bullish trend aiming to reach a price target at the $6.2 level of resistance.
A breakout above the $6.2 could steer a new uptrend. If the bearish trend breaks through the $4.3 level, then a head-and-shoulders pattern could form, signifying a new dip to the ascending trendline just below.
The latest information available is that as of the date this document was written. coinmarketcapWorldcoin is priced at $4.83. This represents a 0.01 percent increase over the last day and a 1.28 percent decrease for the previous seven days.
The current market capitalization is $1 billion. Volume over the last 24 hours was $507.61 million, a rise of 50.52%.
Worldcoin owners could be able to see the light
AMBCrypto analyzed IntoTheBlock’s Global In/Out Money Indicator, and found that 2,98 Million WLD is on the cusp of making a profit.
Between $4.87 to $4.88, the supply zone was purchased. Considering that the current market price is $4.84, holders are close to a profit.
AMBCrypto analysed Santiment’s data for WLD’s exchange volume and social volume between November 2023 and May 2024. The social volume showed several spikes, indicating strong interest in the market.
As investors moved their WLD away from the exchanges, there was a steady decline in supply. Worldcoin is currently on a bullish trend to $6.2.
Is your portfolio green? Look at the WLD Profit Calculator
Indicators chart of Tradingview shows that the WLD current price is located between the lower and the middle Bollinger band, which indicates less volatility as well as a return from oversold conditions.
If the price is surging higher, it may indicate that a bullish market trend has begun. Chaikin’s Money Flow is a negative 0.01 indicating that traders are unsure and waiting to see the direction the market will take.
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Source: ambcrypto.com