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Bitcoin
- The WLD price has broken by 80% since March and is still bearish.
- WLD price is struggling in a crucial zone and has slipped below the 20-day EMA.
On a wider time frame, the WLD price has witnessed strong selling pressure since March. The bearish trend was interrupted near the $1.75 mark and surged by 70% in less than a week.
However, the Worldcoin crypto failed to continue the bullish trend. The price faces resistance from a significant resistance level of $3 and dropped by 28% in 10 days.
In June, the WLD price witnessed a strong bearish trend and lost around 50%. The buyers have shown interest and halted the bearish momentum throughout July.
The digital asset price has triggered a negative pullback, so buyers need to pay attention.
Based on the technical indicators, the Worldcoin crypto price has dropped below the key moving averages, demonstrating the sellers’ domination. RSI has displayed a bearish crossover with the RSI-based moving average indicating the sellers’ interest.
Could the WLD Price Recover Previous Losses?
A source on X claims that the Worldcoin price has generated a base in the $2 territory. Historically, the WLD price has shown a massive upsurge from this zone.
$wld when scam pump ? pic.twitter.com/3eMh9jwLR9
— KNIGHT $INJ TO 100$ (@cryptoknight890) July 30, 2024
At press time, the price was wandering in this zone. Recovery from this hurdle may lead to strong buying momentum.
Would the WLD Price Recover Previous Losses or Keep Surging?
Worldcoin crypto was being traded at $2.20 at the time of writing and has remained almost unchanged in the past 24 hours. The market capitalization was $674.89 Million, and the 24-hour trading volume was $104.32 Million.
After a strong bearish momentum, the WLD crypto price has triggered a negative pullback. It is expected to display a free-fall momentum in August.
If the digital asset price slips below the last swing low, the price might witness a bearish trend. At press time, the price has been stuck in a crucial zone, and it might experience a strong selling press if the price departs.
Alternatively, buyers might be attracted to the discount if the crypto price recovers from this zone. Bitcoin price may play a vital role in the WLD price forecast. If the BTC price triggers reach a new ATH, the WLD price may recover losses.
WLD Price Forecast
The WLD price has experienced a significant bearish trend and has faced substantial selling pressure in recent months. The price has dropped below key moving averages, indicating dominance by sellers.
Additionally, the RSI has displayed a bearish crossover, further demonstrating the sellers’ interest. With the price generating a base around the $2 territory, it is essential to monitor the market dynamics closely.
If the price manages to recover from this zone, it could attract strong buying momentum.
Technical Levels
The bullish trend in the Worldcoin crypto price is expected to halt near the $3.00 and $4.50 mark. The digital asset price may take support on the $1.80 and $1.45 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
