Worldcoin (WLD) is currently trading around $1.17, up about 7% in the past 24 hours, with a trading volume of $318 million USD. After a sharp decline from the peak of $11.82 in March 2024, WLD has significantly recovered, especially after expanding operations in the US and partnering with major players like Visa.
📊 Technical Analysis WLD
1-hour timeframe (short-term):
• RSI Indicator: Near level 65, indicating that the market has not entered the overbought zone, with room for growth.
• MACD: The MACD line crosses above the signal line, confirming the uptrend.
• ADX: At 32.68, indicating a strong uptrend.
• Near resistance: $1.20 – $1.25
• Near support: $1.05 – $1.10
4-hour timeframe (mid-term):
• Trend: Prices are in an uptrend, with higher highs and higher lows.
• Resistance: $1.30 – $1.35
• Support: $0.95 – $1.00
🟢 Long Strategy WLD
• Entry Point: $1.10 – $1.15
• Profit Target (TP):
• TP1: $1.25
• TP2: $1.35
• TP3: $1.50
• Stop-loss (SL): $1.00
• Note: If the price exceeds $1.25 and holds, consider moving SL up to $1.15 to secure profits.
🔻 Short Strategy WLD
• Entry Point: $1.30 – $1.35
• Profit Target (TP):
• TP1: $1.20
• TP2: $1.10
• TP3: $1.00
• Stop-loss (SL): $1.40
• Note: Only open a Short position if there is a clear reversal signal, such as a reversal candle or significant selling volume.
⚠️ Warnings and Notes
• WLD is a newly listed token, so it may be highly volatile and unstable.
• Always use a stop-loss (SL) order to manage risk.
• Closely monitor technical indicators and market news to adjust strategies in a timely manner.