|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Worldcoin (WLD) Price Prediction 2024/2025/2030
Jun 12, 2024 at 05:19 pm
Worldcoin (WLD) price failed to enter the Ichimoku Cloud, indicating a strong resistance at $5. The price broke below the 200 EMA last Friday and experienced a 21% decline
Worldcoin (WLD) price failed to enter the Ichimoku Cloud, indicating a strong resistance at $5.
The price broke below the 200 EMA last Friday and experienced a 21% decline on a single daily candlestick following this price drop.
Worldcoin Holds Support Despite Persistent Bearish Trend
This significant price action set the tone for the subsequent bearish trend observed over the analyzed period. Additionally, the price has reverted to reach an important resistance level at $4.45, which served as support in the past and corresponds to a 4-hour Ichimoku baseline plateau.
Currently, the price has stabilized around the $3.69 mark. Another important Baseline (Ichimoku) plateau that served as a key resistance level during December 2023.
If the price manages to reclaim the $4.45 level and breaks above it, this could potentially shift WLD’s mid-term outlook to a more positive trajectory. Conversely, dropping below $3.69 could push the price down to lower support levels, such as $2.55.
Read More: How to Buy Worldcoin (WLD) and Everything You Need to Know
Worldcoin Faces Major Sell-Off
The subsequent weeks from June 2 and June 9 exhibited sharp declines, with prices plummeting to $4.25 and $3.81, respectively. This indicates persistent sell-off pressure and a lack of buying support at these levels.
On May 12, the number of active addresses was 1,963, signaling robust user engagement. However, this metric steadily declined, falling to 1,267 by June 9.
From May 12 to June 12, 2024, Worldcoin’s price plummeted by 34%. Underscoring a period of significant bearish pressure. The number of active addresses declined by approximately 35.1%, dropping back to levels seen in mid-February 2024.
The reduction in active addresses suggests a waning interest among users, possibly driven by the declining price and broader market sentiment. This drop in active addresses aligns with the bearish price action, indicating reduced participation and potential exit of market participants.
Our Top Pick for March
Get a FREE NFT From One of Our Top Picks When You Open an Account🧿
Visit Site
Strategic Recommendations
Positive Scenario: If Worldcoin’s price manages to reclaim the $4.45 level and break above it, this could potentially shift WLD’s mid-term outlook to a more positive trajectory. This price movement would likely attract new buyers and restore confidence among existing investors, leading to increased trading volume and positive momentum.
Read More: Worldcoin (WLD) Price Prediction 2024/2025/2030
Negative Scenario: Conversely, if the price drops below $3.69, this could push the price down to lower support levels, such as $2.55. Breaking this key support level might trigger further sell-offs, increasing bearish sentiment and leading to additional downward pressure.
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.
-
- Bitcoin Heads for Weekly Gain as Risk Appetite Gets Boost From Fed Rate Cut
- Sep 20, 2024 at 04:35 pm
- Bitcoin's price rose to a three-week high on Friday and was headed for a strong week as risk appetite was boosted by an outsized interest rate cut by the Federal Reserve.
-
- Ethereum (ETH) Price Skyrockets 5% as Whales Accumulate Ether Ahead of Potential Rebound
- Sep 20, 2024 at 04:30 pm
- As the total crypto market cap surged over 2 percent in the past 24 hours to hover about $2.3 trillion on Friday, Ethereum (ETH) price led the altcoin
-
- BingX Exchange Confirms $26M Hack, Promises Full Compensation
- Sep 20, 2024 at 04:25 pm
- The latest cryptocurrency exchange hit by hacking was confirmed to be BingX based in Singapore where it initially lost $26 million due to hacking.
-
- Surfy Integrates XRP Into Its Services, Allowing Users to Make Payments Using the Native Token
- Sep 20, 2024 at 04:25 pm
- This development is seen as a significant step forward in expanding the utility of the XRP Ledger, especially in real-world transactions involving physical assets.
-
- Avalanche (AVAX) Price Action Heats Up as 48% of Holders Profit, Market Dominance Expands
- Sep 20, 2024 at 04:25 pm
- Avalanche (AVAX) price has experienced significant market activity, with 48% of its holders in profit and strong investor interest driving bullish sentiment.
-
- Solana (SOL) and Ethereum (ETH) Dominate Altcoin Space, Will This Transpire into Bullish Q4 Momentum?
- Sep 20, 2024 at 04:25 pm
- Both Ethereum (ETH) and Solana (SOL) have dominated much of the past 7 years in the altcoin space. While these platforms are hotbeds for developer activity, will it be enough to transpire into bullish Q4 momentum?
-
- XRP Whales Accumulate 380 Million Tokens in 10 Days as Price Nears All-Time High
- Sep 20, 2024 at 04:25 pm
- Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high.
-
- Solana (SOL) Price Predictions: Analysts Project $500 and Even $1,000 Targets
- Sep 20, 2024 at 04:25 pm
- Market analysts have projected that Solana could reach significant price targets, with some predicting it may hit $500 and even $1,000.
-
- Terraform Labs Receives Court Approval to Wind Down Operations in Bankruptcy
- Sep 20, 2024 at 04:25 pm
- Korean cryptocurrency entrepreneur, co-founder of Terraform Labs (Terra Luna), Do Kwon, left, is taken to court in Podgorica, May 11, 2023, following his arrest, March 24, at the Montenegrin capital's international airport.