Worldcoin (WLD) Price Analysis and Prediction: WLD Poised for Breakout or Further Decline

Worldcoin (WLD) is at a critical juncture, with recent market activity suggesting the token is poised for either a breakout or a further decline.

Worldcoin (WLD) is facing a critical moment, with recent market activity suggesting the token is poised for either a breakout or a further decline. Currently trading at $2.09, WLD has fallen 8.10% over the past 24 hours. Its total market capitalization is $1.41 billion, down 7.00% in the same period.

However, trading volume has climbed 29.54% to $489.74 million, signaling increased market activity and potential investor interest.

Worldcoin’s price action shows consistent downward pressure, with minor recoveries failing to hold. The highest price recorded within the trading session was $2.27, after which the price steadily declined, indicating strong selling pressure.

The resistance level at $2.87 remains a crucial indicator for a potential bullish trend reversal. Failure to break through this level could lead to further declines, with analysts pointing to major support at $1.57.

Crypto analyst Bull outlined key observations from Worldcoin’s performance against Tether (USDT), showing a 6.42% decline for the day, bringing the current price to $2.14. The candlestick chart signals a bearish trend, with selling pressure increasing after an unsuccessful attempt to hold levels near $2.30.

Moreover, key support levels are identified at $2.00 and $1.90, which could act as demand zones where buyers may re-enter the market to stabilize the token’s value.

The chart also highlights two potential scenarios. In the first, the price dips to the $1.90 support, and a bounce could trigger a recovery toward $2.50. However, a break below this support could result in further bearish continuation.

Market indicators provide further insights into Worldcoin’s current position. The MACD shows a slight bearish divergence, with the signal line crossing above the MACD line, indicating limited bullish activity.

Meanwhile, the RSI stands at 47.93, suggesting a neutral sentiment but slightly bearish.

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