Worldcoin Value Forecast: Bulls Reinforce $1.40 Foundation in Anticipation of $2.50 Advancement
In the world of cryptocurrencies, the memecoin WLD has been making waves, surging over 137% in a sharp breakout. At press time, WLD is trading at $1.503 on TradingView.
This memecoin has found a supportive zone at $1.40-$1.50, which has helped stabilise the market after its steep rally. Trading activity reveals steady liquidity, with volumes clustering near the $1.45-$1.55 zone. A clean defense of this zone paired with rising volume could confirm a new attempt at higher levels.
The Chaikin Money Flow (CMF) stands at 0.17, reflecting healthy capital inflows into the asset. The MACD line at 0.171 continues to trade above the signal line at 0.143, with a positive histogram of 0.028. These technical indicators suggest a bullish outlook for WLD.
However, failure to hold the floor risks pushing the token back toward the $1.20 channel. For now, signals lean cautiously bullish as buyers regroup at support. A close above $1.65 could signal a bullish continuation, with the potential to revisit and challenge the $2.00-$2.50 range.
With an available supply of 2.03 billion WLD, the asset ranks #54 among cryptocurrencies. The token has a robust 24-hour trading volume of $393 million, indicating strong market interest.
It's important to note that there is no information available regarding major holders of WLD or specific decisions made to maintain or increase its price within the $1.40-$1.50 range. However, the term 'WLD' might be associated with Worldcoin, which recently experienced a significant price increase due to a $250M treasury strategy announcement by a Nasdaq company.
In conclusion, WLD's performance suggests a resilient market, with buyers absorbing selling pressure and defending higher levels despite the retracement. Historically, similar wedge rejections followed by support retests have paved the way for new legs higher, hinting at potential further gains for WLD. However, investors are advised to exercise caution and make informed decisions based on their own research and risk tolerance.
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