Today, #WLD was trending due to the hype around its launch in the USA, where World ID verification became available in six key cities. Many expected $WLD to land on the top gainer list — but the opposite happened. It dropped nearly 13%, which came as a surprise.
From a daily perspective, I believe the 0.944 – 0.970 zone could be revisited as a support level before any upward momentum. There are also early signs of a possible downward trend, which hasn’t fully started yet but could begin tomorrow, the day after, or even from Monday. You’ll likely spot initial reactions on lower timeframes.
For a strong upward move to occur, WLD needs to close a daily candle above 1.134 — only then can we expect a solid bullish trend to follow.
From a daily perspective, I believe the 0.944 – 0.970 zone could be revisited as a support level before any upward momentum. There are also early signs of a possible downward trend, which hasn’t fully started yet but could begin tomorrow, the day after, or even from Monday. You’ll likely spot initial reactions on lower timeframes.
For a strong upward move to occur, WLD needs to close a daily candle above 1.134 — only then can we expect a solid bullish trend to follow.
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WLD
0.948
-7.60%