Worldcoin (WLD) has shown consolidation between $4.3 and $6.2 over the past two months. The $4.3 support level has been tested multiple times, indicating strong buying interest. Here are the latest data on the cryptocurrency!
Critical Region in WLD
The $6.2 resistance level in WLD has also been tested three times, indicating a strong interest level. Currently, WLD is in an upward trend aiming for a target price at the $6.2 resistance level. A breakout above $6.2 could lead to a new upward trend in the altcoin.
However, if downward pressure breaks the $4.3 support, a head and shoulders pattern could signal further price decline to retest the rising trend line support just below the support level. At the time of writing, Worldcoin is priced at $4.83, showing a 0.01% increase in the last 24 hours and a 1.28% decrease in the last seven days.
Trading Volume in WLD
The market cap is $1.1 billion. The volume in the last 24 hours increased by 50.52%, reaching $507.61 million. According to IntoTheBlock’s global in/out of money indicator, this could indicate that 2.98 million WLD are on the verge of making a profit. The supply of $241.38 million was purchased from the supply zone of $4.87 to $4.88. Considering the current price of $4.84, the moment of profit for investors is approaching.
In social volume, there have been several increases indicating strong market interest. The supply on exchanges showed a steadily decreasing curve, confirming the bullish sentiment as investors moved their WLD out of exchanges. This situation could lead Worldcoin to its current bullish run towards $6.2. According to the Tradingview dashboard, the current WLD price is between the lower and middle Bollinger bands, indicating less volatility and a recovery from oversold conditions. A price increase could indicate an upward trend. The Chaikin Money Flow (CMF) at -0.01 shows that investors are indecisive and waiting to observe the market’s direction.
