WLD is currently trading inside a descending channel on the 3-day chart. The price has recently shown strong bullish momentum and is approaching the upper boundary of the channel as well as a key resistance zone.
A breakout above this zone could lead to a significant bullish continuation. Volume has started to pick up, indicating increasing interest. If the price manages to flip the resistance into support, we could potentially see a rally towards the $5.00 - $10.00 zone.
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