$WLD /USDT 4-Hour Chart Analysis ๐
Current Price: 1.335 USDT (-0.60%)
๐ Key Insights:
WLD/USDT is in a bearish trend, down 45.67% (90D) and 70.77% (1Y).
Price peaked at 1.700 USDT (May 23) with high volume (44.64M WLD), but reversed sharply, forming lower highs/lows.
Now testing support at 1.335 USDTโprior consolidation zone (May 17-19). Below this, next levels are 1.312 USDT (24H low) or 1.100 USDT.
Resistance at 1.475 USDT (recent high); major resistance at 1.600-1.700 USDT.
Price is below the 20-SMA, with volume declining, hinting at possible consolidation.
๐ Scenarios:
Bearish: Break below 1.335 USDT could target 1.312 or 1.100 USDT.
Bullish: Holding 1.335 USDT and breaking 1.475 USDT with volume might aim for 1.600 USDT.
Consolidation: Price may range between 1.312-1.475 USDT before a breakout.
โ ๏ธ Watch: Volume and price action at 1.335 USDT for the next move. Long-term trend remains bearish proceed with caution!
