- Worldcoin is at a record high and has inspired bullish euphoria.
- Before gains can be realized, there will likely be some short-term volatility in the price.
Worldcoin [WLD] Predictions from an expert are often accurate. AMBCrypto report In the last weeks of February, we reached $10. This was a record high.
The press release was published at the time of this publication. next Fibonacci levels revealed that prices could rise much higher than the target price of $11,
The technical analysis showed that bulls were in such a strong position that WLD’s pullback from a week earlier was cut short. Buyers showed enthusiasm and conviction, which confirmed the notion that prices will rise.
The divergence was part of an uptrend
The Fibonacci extension and retracement levels (pale-yellow) show that WLD crossed above its high local price of $9.45, after retracing a few days earlier to the 50% level.
This dip was preceded by a bearish divergence between the WLD price and the RSI in the 1-day timeframe.
A strong demand zone was found further south at the $4 level, where a bullish break block (cyan), and a fair-value gap (white) were converging.
WLD bulls were so strong that they did not retrace their steps south.
The price is expected to hit $13.30 soon. But the levels of 61.8% extension at $13.96 or $16.74 will also be targets in the next few days and weeks.
Long liquidation levels are more than the short liquidation levels
AMBCrypto’s liquidation level analysis showed that over the last six hours, the liquidation delta was massively in favor for the bulls.
This coincides with a rapid rise in the price, which indicates that traders were accumulating positions in longs in order to benefit from this move.
It is important to note that the word “you” means “you”. next The area between $11.04 and $11.09 was estimated to be the largest liquidation level. Nearly $14 million of short positions could be liquidated if WLD prices tested that level.
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Similarly, if the price dropped to $9.77 then long positions of high leverage valued at $10 million would be liquidated.
The token value is likely to rise toward $13.30 and higher.
Disclaimer: This information is not intended to be a comprehensive guide. financialThis is the sole opinion of the author and does not constitute investment, trading advice or any other type of advice.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com