The post Worldcoin Price Drops 20%, WLD Price To Hit New Low This Q4? appeared first on Coinpedia Fintech News
With Alamanda Research’s FTX exchange auctioning the Worldcoin tokens, the Ethereum-based project records a sharp plunge. Notably, the exchange holds 22.3 million WLD crypto tokens worth $37 million. With a limited time to bid, interested participants are now eligible to apply.
Following the news, the WLD price has dropped ~24% from its local high and is currently hovering close to its crucial support level. With the price free-falling, investors are concerned about the company’s effort to make a comeback.
WLD Price Hovers Close To Its Crucial Support Level:
Despite recording a jump of ~3% in the past day with a trading volume of $129.20 million, the Worldcoin price has dropped 20.12% over the past week. Furthermore, it has traded in a consolidated range between $1.350 and $3.30 since June. this highlights a weak bullish sentiment in the market.
TradingView: WLD/USDT
The EMA 50-day constantly acts as a resistance to the price chart in the 1D time frame. This highlights a weak buying pressure for the altcoin in the market.
The Relative Strength Index (RSI) continues hovering close to its neutral point in the Worldcoin price chart. Further, with its average trendline displaying a neutral trend, this altcoin hints at uncertainty in its future price action.
Will WLD Coin Price Rise Again?
If the market favors the bulls, the Worldcoin crypto price will regain momentum and prepare to test its resistance level of $3.30. Maintaining the price at that level could set the stage for this altcoin to head toward its upper high of $5.30 during the upcoming weeks.
Conversely, if the bears continue to dominate the crypto space, this could result in the WLD coin price retesting its crucial support level of $1.350 this month.
Curious about the WLD token’s Future price prospects? Read our Worldcoin Price Prediction 2024 – 2030!