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- WLD holds above $1.19 support, showing resilience.
- Bulls maintain control; RSI signals neutral-to-bullish momentum.
- Resistance at $1.49–$1.60 is next key level to watch.
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Worldcoin (WLD) has maintained a firm foothold near critical support levels despite a modest weekly decline, signaling resilience in the face of market fluctuations. The token rose 1.51% over the past 24 hours, trading at $1.20 with a $2.62 billion market cap and $267.45 million in 24-hour volume, though weekly losses still total 10.24%.
Technical Analysis: Stability Above Key Levels
Weekly charts show WLD comfortably above the 9-week simple moving average (SMA) at $1.19 and the 20-week Bollinger midline near $1.11. This placement points to a cautiously bullish trend. Since hitting lows of $0.73 mid-year, Worldcoin has staged a notable recovery, though resistance remains firm near $1.60.
Bollinger Bands indicate controlled volatility, with the price moving between $0.73 and $1.49. Remaining above the 20-SMA suggests bulls retain structural control, even as sellers challenge resistance. The Relative Strength Index (RSI) sits at 49.53, signaling a neutral stance. A sustained move above 50 could confirm bullish momentum if accompanied by rising volume.
Critical Support and Resistance Zones
Key technical markers for WLD include support at $1.19 and resistance near $1.49. A breakdown below support could trigger a return to $1.10 or even $0.73, while a bullish bounce may retest $1.49 and the $1.60 zone. Traders are watching these levels closely, as they indicate the next directional move.
Market Sentiment: Bullish Majority
Market sentiment favors the bulls, with roughly 80% of 95,000 traders expecting continued gains. This optimism aligns with WLD’s ability to hold above key support despite short-term weakness. However, the 20% bearish minority underscores the risk of corrections if resistance proves stubborn.
Worldcoin’s ability to remain above essential support levels reflects resilience and controlled volatility. With bullish sentiment dominating and technical indicators hinting at stability, traders are closely watching for a breakout toward $1.60. Yet, vigilance is warranted, as resistance may trigger consolidation before further upward momentum.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Worldcoin (WLD) Price Breakout Signals Bullish Surge to $1.96
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