๐ Technical analysis of Worldcoin (WLD/USDT) โ May 5, 2025
Market Summary:
Worldcoin (WLD) is currently trading around $0.8766 USD, with a 5.2% decrease 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 $0.85โ$0.88 zone has acted as significant support in recent sessions.
Immediate Resistance: The $1.00 level represents 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, though 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 bring the price down to the $0.75 zone, where the next significant support is located.
Conclusion:
Worldcoin is in a consolidation phase within a defined range. Price action in the coming days will be crucial to determine future direction. Traders should closely monitor the mentioned support and resistance levels to identify trading opportunities.
