The Worldcoin (WLD) price has increased by 25.08% in the past week, but the majority of holders are still facing losses. Around 65% of investors purchased the cryptocurrency at higher prices, leaving only 25% in profit. The Historical Break Even Price chart indicates that many holders are still underwater, which could make them hesitant to sell in hopes of further gains. This could limit selling pressure and potentially create a more positive price outlook for WLD. However, technical indicators like the BBTrend suggest that bullish momentum may be weakening, indicating the possibility of a trend reversal. While WLD appears bullish with short-term EMA lines above long-term ones, caution is advised as the BBTrend indicator shows the potential for a reversal. If the bullish momentum fades, WLD could test support levels at $2.24, $1.72, or $1.51.



Other News from Today