$WLD /USDT Analysis ā Oversold Bounce or Decline š¤šš
Current Price: $1.09š¦
Time Frame Analyzed: 1H & 1D
24H Range: High: $1.25 | Low: $1.08
RSI Levels:
1H: 19.12 (Extreme Oversold)š
1D: 43.85 (Bearish Zone)š
Technical Breakdown:š currently testing key support around $1.08, with RSI at oversold levels.
Repeated rejection below $1.20 indicates strong selling pressure.
Price remains below all major EMAs.
Key Support: $1.08 ā $0.98
Key Resistance: $1.23 ā $1.29 ā $1.46
Trading Strategy Plan:š§āš«
Long Setup (Bounce Attempt):ā
⢠Entry: Near $1.05
⢠Target: $1.23 / $1.29
⢠Stop Loss: $0.99
⢠Bias: Against the trend, short-term bounce
Short Setup (Decline):āš¤½
⢠Entry: Below $1.00
⢠Target: $0.88
⢠Stop Loss: $1.15
⢠Bias: With the trend
Global Sentiment & News:šš§āš«
Bullish Factors:š„š°
Worldcoin raised $135M in a Series-C round led by a16z
Growing global adoption of Orb technology
Integration interest from fintech players like Visa
Bearish Factors:šš°
Ongoing privacy concerns in major countries
Wider market weakness driven by BTC price action
Recent spike led to significant profit-taking
Final Thoughts:š§āš»
$WLD is at a very decisive level. Oversold signals could trigger a short-term bounce, but macro weakness and bearish momentum still dominate.
Watch for a recovery to $1.23 for bullish confirmation.
š This post is for educational purposes only. Always DYOR before trading.