Worldcoin (WLD) Drops 3.29% Despite Strong Accumulation Zone
Worldcoin (WLD) has seen a 3.29% daily drop, trading at $1.295. The cryptocurrency's price has fluctuated significantly, surging above $2.16 before retreating to the $1.60-$1.70 zone. Eightco Holdings Inc., the company behind WLD, recently raised $270 million in funding, with Dan Ives appointed as chairman.
Worldcoin's price has been volatile, but it continues to hold above a key breakout trendline, indicating a broader bullish structure. Strong demand clusters for WLD are between $1.30 and $1.60, forming a key accumulation zone. However, a breakdown below $1.30 could weaken WLD's technical outlook, exposing it to deeper losses toward $1.00.
Technical indicators suggest weakening bearish momentum, potentially paving the way for stabilization or a reversal if bullish volume returns. If the Chaikin Money Flow (CMF) crosses back above zero and price action holds above $1.20, it could trigger a rebound toward resistance levels around $1.50-$1.70. Worldcoin is currently priced at $1.30, reflecting a 3.48% decline in the past 24 hours, with a market capitalization of $2.80 billion.
Worldcoin's price has been volatile, but it holds above a key trendline, indicating a broader bullish structure. Technical indicators suggest potential stabilization or reversal. The cryptocurrency's unique World ID initiative uses biometric verification for secure and private participation in decentralized platforms.
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