Worldcoin will it plummet at new record lows?

• WLD showed bullish momentum following a retest of key trendline resistance.
• The development of whale transactions was a sign that the market could be in for a reversal.

Worldcoin [WLD] Investors are concerned about the dramatic drop in stock prices.  As it approaches an all-time low, the question arises — is this is the bottom, or is its long-awaited reversal coming?

Let’s find out –

For the last two month, WLD was trading between $6.50 and $4.20 before breaking through the support of $4.2. Since its collapse on June 8, the price of WLD has fallen by 21%. 

WLD recently retested its trendline, which it has done several times before. The bullish momentum is also steadily increasing.

The date of this writing is CoinMarketCap Priced WLD at just $3.46. This is a drop of 6.29% in the last day and 20.83% in the previous seven days. Its $834 million market capitalization. 

WLD’s volume increased by 16.00% to $174 millions in the past 24 hours.

The stochastic RSI, at 2.70, indicated an area of oversold conditions that might trigger a reversal in price if the bullish trend tightens up its muscles.

Can Worldcoin be saved?

AMBCrypto analysed Santiment’s whale data and its development activities to determine if it supported a turnaround or further decline.

The development activity is increasing steadily. This shows that investors are confident in the long-term viability of WLD. 

There were also several spikes, which could indicate that big holders may be building up as they enter a market. The price could rise for a possible reversal.

Santiment

What can liquidation heatmap add to your business?

Heatmap of the liquidation zones reveals that high liquidation levels are concentrated in areas around. Prices could rise by $4,000, as the magnet could increase prices.

The market was bullish at the time of the press release, which meant that WLD could surge and fill any gaps.

Coinglass

Are you ready to take a seat?

Although the WLD markets are generally bearish, there were several indicators that suggested we could be approaching a pivotal point. 

Is your portfolio green? Look at the WLD Profit Calculator

Convergence of increased whale activity and sustained development, as well as a new test of trendline, support the possibility of a possible reversal.

If WLD falls below this support level the price could fall further.