WLD Callback Reasons + Opportunity Points
Brothers, WLD's sudden drop has a reason:
Starting from May 1st, the positive news of 'Coinbase Listing' has been realized, leading to a sell-off.
The project team has officially announced - they plan to release 30 million WLD to maintain iris devices.
—— The coins released this time are equivalent to short-term pressure, and the sell-off expectations are reasonable. The market is in panic.
The chart also confirms:
The high point near 1.2 has reached a peak, today there is a direct bearish line retracement, the current price is 0.88, a drop of nearly 30%.
MACD death cross + moving average pressure, there is indeed a risk of further decline in the short term, and we cannot rule out testing the 0.80-0.78 range again.
However, don't be scared, looking at the long term:
The area of 0.78-0.73 is the first major support recently.
The area of 0.68-0.63 (near the yellow circle) is a strong support zone, and this is also the starting point for the previous round of major force's volume increase.
—— I prefer to build a bottom between 0.78-0.73 to accumulate, then rebound later.
Medium to long-term logic:
WLD is still a leading coin in the AI track.
As I mentioned earlier, WLD, ARKM, and TAO are the three driving forces, the idea remains unchanged.
AI is the main line of this bull market, and for WLD, a long-term view of 3-5 dollars is not a big issue.
Reminder from me:
Short-term declines are opportunities to accumulate coins, not signals to cut losses.
The real way to play with coins is not to chase highs and sell lows, but to hold coins and wait for the big trend to take off.
Price reference:
Batch low absorption area: 0.78-0.73 Strong support building area: 0.68-0.63 First target price: 1.2 Target price after breakthrough confirmation: 2.3
Don't let the current bearish line wash away the pattern.
Brothers, let's keep a close watch on WLD.
