📊 Technical Analysis of Worldcoin (WLD/USDT) – May 5, 2025
Market Summary:
Worldcoin (WLD) is currently trading around $0.8766 USD, with a decline of 5.2% in the last 24 hours. The price has fluctuated between a low of $0.8562 and a high of $0.9621 in the same period.
Technical Context:
Key Support: The zone of $0.85–$0.88 has acted as significant support in recent sessions.
Immediate Resistance: The level of $1.00 represents an important resistance. A sustained breakout above this level could indicate bullish momentum towards $1.20.
Technical Indicators:
RSI (14): It is at neutral levels, around 58, suggesting that the market is not in overbought or oversold conditions.
MACD: Shows a moderate bullish trend, although without clear signals of a significant crossover.
Possible Scenarios:
Bullish: If WLD manages to consolidate above $1.00, it could head towards the next targets at $1.20 and $1.50.
Bearish: A drop below $0.85 could lead the price towards the $0.75 zone, where the next significant support is located.
Conclusion:
Worldcoin is in a consolidation phase within a defined range. The price action in the coming days will be crucial to determine the future direction. Traders should closely monitor the mentioned support and resistance levels to identify trading opportunities.