The cryptocurrency market is currently experiencing downward momentum, with major assets falling to immediate support levels. Worldcoin (WLD), one of the fluctuating altcoins, has retracted from its recent gains and is facing market volatility. The asset peaked at $2.32 and reached a low of $2.19 in the past 24 hours, currently trading at $2.27 with a 1% loss. The daily trading volume for WLD has dropped by over 16% to $197 million. The market witnessed a WLD liquidation of $1.45 million. Worldcoin has distributed 5.3 million WLD tokens worth $12 million to market makers, indicating efforts to provide liquidity. Since April 29, 2024, 44.9 million WLD tokens valued at $103.27 million have been gradually distributed. Technical analysis suggests that the market sentiment is approaching the neutral zone, with the possibility of a bearish pressure and bear run. Worldcoin's price may bounce back to $2.24 or slip further to the $2.20 range. If it overpowers the bears, the asset could test resistance at $2.30 and potentially reach $2.35.



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