menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Worldcoin ...
source image

TronWeekly

3w

read

195

img
dot

Image Credit: TronWeekly

Worldcoin (WLD) Bears Hold Firm as $0.84 Demand Zone Faces Pressure

  • Worldcoin (WLD) is trading at $0.84, continuing its downward trend with bearish momentum in the broader crypto market.
  • On the 4-hour chart, WLD remains below key resistance levels, including the 9 EMA and major SMAs.
  • Bulls are defending the $0.84 demand zone, but a failure here could lead to a drop towards $0.80.
  • Recovery above $0.91 and $0.94 is crucial to change momentum, yet weak volume persists.
  • WLD faces strong rejection at $0.94 resistance, struggling to breach key levels.
  • Moving averages, like the 20, 50, 100, and 200 SMAs, emphasize the bearish structure on the 4-hour chart.
  • The $0.84 demand zone is critical, with potential further downside if bulls fail to hold; $0.80 is the next support level.
  • For a shift in momentum, bulls need to surpass the 9 EMA and key resistances at $0.91 and $0.94, but lack of catalysts and volume hinders upside potential.
  • WLD struggles to break above resistance zones at $1.14, $1.02, and $0.94, facing rejection and downward pressure.

Read Full Article

like

11 Likes

For uninterrupted reading, download the app