WLD BTC Worldcoin Technical Analysis

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By Frans van Elst

Worldcoin logo In this Worldcoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for WLD-BTC. Worldcoin (WLD) is a decentralized cryptocurrency that utilizes a unique proof-of-space consensus algorithm, which rewards users for storing and securing data on their devices. This innovative approach allows for faster and more secure transactions, making it an attractive option for those looking for a reliable and efficient blockchain solution. With its focus on decentralized storage and security, Worldcoin (WLD) is poised to revolutionize the way we think about cryptocurrency and blockchain technology.

Worldcoin Price Overview:

As of May 23, 2024, Worldcoin is trading at approximately 7e-05 BTC. Let’s dive into the detailed price action for WLD-BTC:

Clearly see potential bearish trend for Worldcoin (WLDBTC) at 6.73e-05 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 7e-05
High (H) 7e-05
Low (L) 7e-05
Close (C) 7e-05
Volume (C) 485,987.20
  • Open (O): The opening price for today’s trading session was approximately 7e-05 BTC.
  • High (H): Worldcoin reached a daily high of around 7e-05 BTC.
  • Low (L): The daily low for WLD-BTC was approximately 7e-05 BTC.
  • Close (C): At the time of analysis, Worldcoin is trading near its daily close of 7e-05 BTC.
Metric Value
1D Change (%) -6.29%
3D Change (%) -5.14%
7D Change (%) -9.28%
30D Change (%) -17.22%
90D Change (%) -58.39%
YTD Change (%) -21.57%

Over the past three days, WLDBTC has fallen by approximately -5.14%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.28%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WLDBTC maintaining a downward trend of approximately -17.22%, despite intermittent fluctuations. Examining the last 90 days, WLDBTC has witnessed substantial fall of approximately -58.39%, reflecting strong long-term confidence. Year-to-date, WLDBTC has steadily depreciated by around -21.57%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Worldcoin Live Chart:

You can access a live price chart for WLD-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.89217.
  • Momentum score is -0.136.

WLD BTC Technical Analysis

Worldcoin Trading Volume:

The trading volume for Worldcoin (WLD) over the past 24 hours has been insignificant, with approximately 485,987.20 BTC traded against WLD. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): WLD is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Worldcoin is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for WLD-BTC is currently in the low zone, around 41.49799. This suggests that Worldcoin is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Worldcoin (WLD-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Clearly see potential bearish trend for Worldcoin (WLDBTC) at 6.73e-05 BTC through detailed technical analysis, highlighting weakened support and cautionary indicators.

Take your understanding to the next level with our extensive analysis of WLD USDT Worldcoin Technical Analysis; if you enjoyed this post, you’re in for a treat!

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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