CandleFocus Worldcoin (WLD) Drops 24%, But Low Prices Don’t Make It a Good Bet
2024-10-04
Author: Content Editor
Worldcoin (WLD) has been facing significant price pressure and is currently trading at $1.65. The MVRV Long/Short Difference indicator suggests a bearish outlook, as short-term holders are profiting and likely to sell. The overall macro momentum for WLD is also not favorable, with the Sharpe Ratio indicating that the risk outweighs the potential rewards. The current market sentiment and indicators suggest that WLD will remain below the $2.00 barrier for the foreseeable future, and there is a possibility of further declines. However, if market trends change and WLD successfully breaches $1.74, it could rise beyond $2.00.
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