WLD price stalls at $1.32 – breakout to $1.84 or drop to $0.90 next?
The post WLD price stalls at $1.32 – breakout to $1.84 or drop to $0.90 next? appeared on BitcoinEthereumNews.com.
Journalist Posted: February 12, 2025 WLD consolidated near $1.32, with traders eyeing a breakout toward $1.84 or a drop to $0.90. Technical indicators show indecision as bulls and bears battle, keeping WLD’s next move uncertain. Worldcoin [WLD] was in a tight consolidation phase, with its next move likely to dictate short-term market sentiment. The price was testing the $1.32 resistance level, and a breakout could push it toward $1.84, while failure to hold support might send it down to $0.90. Over the past 24 hours, WLD gained 3.90%, and its weekly performance increased by 4.78%, at press time. The price has fluctuated between $1.20 and $1.32, forming a consolidation range based on Coingecko. A pattern of higher lows suggests accumulation and growing bullish momentum. A breakout attempt near $1.33 indicates increased interest from buyers. Support and resistance levels of WLD WLD’s immediate resistance level is $1.33, marking the upper boundary of its current consolidation. If the price moves above this level, it may test $1.84, which serves as the next resistance zone. Source: TradingView On the downside, the $1.20 level acts as support, and a break below it could lead to a decline toward $0.90. Traders are monitoring these key levels to determine the asset’s next direction. Technical indicators and market sentiment The 20-period Simple Moving Average (SMA) at $1.2576 acts as a dynamic support. The upper Bollinger Band was at $1.3195, and the lower band stood at $1.1956, indicating low volatility. A breakout beyond these bands could signal a shift in market momentum. The Directional Movement Index (DMI) showed the +DI at 22.4575 and -DI at 26.6357, suggesting that sellers maintain slight control. Source: TradingView However, the ADX at 14.3741 indicates a lack of strong trend momentum, reinforcing the sideways movement. If the +DI crosses above the -DI with…
Filed under: News - @ February 12, 2025 6:25 am