|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
WLD Price Surged Recently. Can It Recover From the Bottom or Sink Further?
Oct 14, 2024 at 10:59 pm
The technical indicators suggest that there is potential for a recovery from the recent bottom. The price surge, coupled with the RSI and MACD indicators, suggests a bullish momentum and a possible trend reversal.
Worldcoin (WLD) Token Surges 38% From Bottom; What’s Next?
Worldcoin crypto price showcased a recovery from the recent bottom with a 38% gain in a few days. The price has exceeded the 20-day EMA and is heading toward the 200-day EMA. Let’s see how the WLD price reacts near the 200-day EMA.
Key Technical Points:
The 24-hour trading volume for Worldcoin crypto is $398.08 Million, indicating a 12% increase.
The RSI levels are at 60, which indicates a bullish momentum in the market.
The crucial EMA’s (20, 50, 100, and 200) are at $1.90, $2.04, $2.20, and $2.40, respectively.
After a sharp selling, the chart structure has generated a curve-like recovery. The WLD price has recovered the past 2 months’ losses in a week. This momentum is being supported by the RSI which could invite more buyers.
After a recent bottom at $1.48, the Worldcoin crypto price began a recovery. The price quickly surged past the key EMA’s (20, 50, and 100-day) and the support levels of $1.60, $1.70, and $1.80.
If the WLD crypto price extends to the 200-day exponential moving average (EMA), it may generate a bullish spark. Once the price sustains over the EMA, a loss recovery scenario can be developed. Here, trading volume might play a vital role. The rise in trading volume might boost the momentum.
On the contrary, the overall trend in bearish and the price was still below the 200-day EMA. If the Worldcoin price fails to exceed the 200-day EMA, a panic situation for buyers might be generated. Assuming the price starts trading below the 20-day EMA, sellers might continue the bearish trend further.
The RSI triggered a bullish crossover with the RSI-based moving average. It was heading toward the overbought zone which could tempt buyers for a trend reversal momentum. A bullish crossover was generated between the MACD and the Signal line, which was in positive terrirtory.
Worldcoin (WLD) Token Surges 38% From Bottom; What’s Next?
Worldcoin crypto price showcased a recovery from the recent bottom with a 38% gain in a few days. The price has exceeded the 20-day EMA and is heading toward the 200-day EMA. Let’s see how the WLD price reacts near the 20-day EMA.
Key Technical Points:
The 24-hour trading volume for Worldcoin crypto is $398.08 Million, indicating a 12% increase.
The RSI levels are at 60, which indicates a bullish momentum in the market.
The crucial EMA’s (20, 50, 100, and 200) are at $1.90, $2.04, $2.20, and $2.40, respectively.
After a sharp selling, the chart structure has generated a curve-like recovery. The WLD price has recovered the past 2 months’ losses in a week. This momentum is being supported by the RSI which could invite more buyers.
After a recent bottom at $1.48, the Worldcoin crypto price began a recovery. The price quickly surged past the key EMA’s (20, 50, and 100-day) and the support levels of $1.60, $1.70, and $1.80.
If the WLD crypto price extends to the 200-day exponential moving average (EMA), it may generate a bullish spark. Once the price sustains over the EMA, a loss recovery scenario can be developed. Here, trading volume might play a vital role. The rise in trading volume might boost the momentum.
On the contrary, the overall trend in bearish and the price was still below the 200-day EMA. If the Worldcoin price fails to exceed the 200-day EMA, a panic situation for buyers might be generated. Assuming the price starts trading below the 20-day EMA, sellers might continue the bearish trend further.
The RSI triggered a bullish crossover with the RSI-based moving average. It was heading toward the overbought zone which could tempt buyers for a trend reversal momentum. A bullish crossover was generated between the MACD and the Signal line, which was in positive terrirtory.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- World Liberty Financial, a Project Backed by the Trump Family, Announces It Has Over 100K Accredited Investors on Its Whitelist Ahead of the Launch of Its WLFI Token Presale Scheduled for Tuesday
- Oct 15, 2024 at 02:25 am
- The project aims to raise $300 million and is valued at approximately $1.5 billion. The WLFI token will serve as a governance mechanism for the platform