WLD / TetherUSLong
TradeCityPro | WLD : A Recovery Fueled by Positive Divergence
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In this analysis, I will evaluate the WLD token. This token belongs to the Worldcoin project, founded by Sam Altman. The project's goal is to establish a digital identity for everyone, known as World ID.
📅 Daily Timeframe: An Uptrend Following a Decline
On the daily timeframe, after reaching the resistance zone at 11.868, bearish momentum diminished entirely. A bearish trend began after breaking the 6.23 level, pushing the price down to 1.349.
📊 Upon reaching the 1.349 support, a significant increase in buying volume entered the market. Coupled with a positive divergence at the end of the bearish trend, the price ended its decline and initiated a new bullish trend.
✨ In the new bullish structure, an upward trendline formed. At one point, the price made a fake breakout of this trendline. Following this, the market gained more bullish momentum, and after breaking the 2.496 resistance, additional buying volume pushed the price to 3.885.
🔽 Currently, after hitting 3.885, the market has entered a correction and consolidation phase, with the price even forming a shadow near 2.496. If the correction continues, the first supports are the upward trendline and the minor support at 2.496, which the price has already tested once.
📉 In the event of a deeper correction, the next support zone is 1.349, the most critical level on the chart. If this level is broken, 0.979 will act as the last price stronghold. If the RSI stabilizes below 50, the likelihood of a deeper correction increases.
🔼 If the 3.885 resistance is broken, the next resistance levels are 6.23 and 11.868. Given the high bullish volume, the probability of breaking 3.885 increases.
🔑 The 11.868 resistance, which is also the ATH, is the most important resistance at the moment. Breaking this level could lead to a new ATH for WLD.
📰 Given that the project's founder, Sam Altman, is highly reputable in the community, any promotion of the project by him could drive significantly more buying volume into the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
In this analysis, I will evaluate the WLD token. This token belongs to the Worldcoin project, founded by Sam Altman. The project's goal is to establish a digital identity for everyone, known as World ID.
📅 Daily Timeframe: An Uptrend Following a Decline
On the daily timeframe, after reaching the resistance zone at 11.868, bearish momentum diminished entirely. A bearish trend began after breaking the 6.23 level, pushing the price down to 1.349.
📊 Upon reaching the 1.349 support, a significant increase in buying volume entered the market. Coupled with a positive divergence at the end of the bearish trend, the price ended its decline and initiated a new bullish trend.
✨ In the new bullish structure, an upward trendline formed. At one point, the price made a fake breakout of this trendline. Following this, the market gained more bullish momentum, and after breaking the 2.496 resistance, additional buying volume pushed the price to 3.885.
🔽 Currently, after hitting 3.885, the market has entered a correction and consolidation phase, with the price even forming a shadow near 2.496. If the correction continues, the first supports are the upward trendline and the minor support at 2.496, which the price has already tested once.
📉 In the event of a deeper correction, the next support zone is 1.349, the most critical level on the chart. If this level is broken, 0.979 will act as the last price stronghold. If the RSI stabilizes below 50, the likelihood of a deeper correction increases.
🔼 If the 3.885 resistance is broken, the next resistance levels are 6.23 and 11.868. Given the high bullish volume, the probability of breaking 3.885 increases.
🔑 The 11.868 resistance, which is also the ATH, is the most important resistance at the moment. Breaking this level could lead to a new ATH for WLD.
📰 Given that the project's founder, Sam Altman, is highly reputable in the community, any promotion of the project by him could drive significantly more buying volume into the market.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
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🏆 Best Crypto Exchange: bit.ly/tcpbit
🤵 Business Contact: Tradecityproteam@gmail.com
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