$WLD The drop in the price of Worldcoin (WLD) in 24 hours reflects liquidity movements driven by large investors ("whales"), bearish technical signals.

1. The whales withdrew approximately 26 million WLD from Binance in two transactions.

2. Technical breakdown from an expanded ascending wedge pattern and weak readings in the RSI and MACD indicators.

3. General risk-averse sentiment amid geopolitical tensions and increasing Bitcoin dominance (63.99%).

1. Main Catalyst: Whale Activity

Two large withdrawals caught attention:

- 18.2 million WLD (17.17 million dollars) were moved to new wallets on June 17.

- 10.07 million WLD (9.5 million dollars) were withdrawn on the same day, coinciding with the price drop to 0.9492.

2. Technical Analysis

Key indicators showed bearish signals:

- 14-day RSI: 35.01 (weak, but not in oversold territory).

- MACD: The histogram (-0.0274) and lines below zero indicate sustained downward momentum.

- The price broke a critical support at 0.94, failing to recover the resistance zone between 1.069 and 1.125.

The breakdown of the expanded ascending wedge pattern suggests a bearish reversal, with a target at 0.847.

3. Market Analysis

- Bitcoin dominance rose to 63.99%, limiting liquidity for altcoins like WLD.

- The total cryptocurrency market capitalization fell by 1.43%, and WLD's volume in 24 hours dropped by 17.46% to 176 million dollars, indicating lower buying interest.

The drop in WLD's price is a response to liquidity shocks driven by large investors. Although accumulation by these whales could stabilize the price in the long term, the immediate risk points downwards, especially if Bitcoin maintains its dominance trend.