Worldcoin (WLD) Investors See Their Profits Slip as the Price Dips, Anticipating a Turnaround

Worldcoin's price has been on an upward trajectory since early September, pushing WLD up to $2.46 and sparking optimism among investors.

Worldcoin's (WLD) price trajectory has taken a downturn, sparking concerns among investors who had anticipated a continuous uptrend. Despite a promising rise that pushed WLD up to $2.46, recent market movements have dampened this optimism.

With many investors now facing substantial losses and hoping for a recovery, let's analyze the situation to gain insights into potential turning points.

As the price dropped,ホルダーホルダー Worldcoinホルダーホルダーホルダー profits slipped, leading to widespread anticipation of a turnaround.

Worldcoin Investors' Losses Pile Up

Over the last 24 hours, Worldcoin's price dropped by nearly 19%, hitting an intra-day low that impacted market sentiment. This sharp decline saw the total supply in profit drop from 87% to 70%, indicating a significant decrease in profitable holdings.

The 17% drop translates to 97.36 million WLD, valued at over $194 million, moving from profit to loss in a single trading day.

As more holdings fell into loss territory, it highlighted a potential tipping point where investor optimism is replaced by caution.

Worldcoin's broader market performance also encountered obstacles. The Global In/Out of the Money (GIOM) data reveals that approximately 2.79 billion WLD, valued at over $5.58 billion, lost profitability over the past week due to the 18% drawdown.

This supply was acquired by WLD holders when the altcoin was trading between $2.04 and $2.45.

Thus, only when Worldcoin's price makes it back to $2.46 can the supply become profitable again, and a breach of this resistance will secure the gains.

WLD Price Direction: Restoring Profits

Worldcoin's price dropped by 18% this week, falling from $2.46 to $1.99 at the time of writing.

This setback is noteworthy because Worldcoin's ongoing uptrend prior to the decline had indicated the potential for reaching $3.00, which would have marked a 22% gain.

This upward potential now seems less likely as Worldcoin faces resistance levels.

The 18% drop has left investors hoping for a recovery to the $2.46 level to recoup their losses.

Testing $2.11 as support is crucial, as establishing this base could enable a price rise, potentially restoring some of the lost confidence among WLD holders.

However, if Worldcoin fails to breach the $2.11 resistance, a further drop to $1.74 could be likely.

Such a decline would extend investor losses and reduce optimism about recouping profits, potentially undermining sentiment and prompting more conservative positioning in the market.