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 14, 2024, Worldcoin is trading at approximately 8e-05 BTC. Let’s dive into the detailed price action for WLD-BTC:
| Metric | Value |
|---|---|
| Open (O) | 9e-05 |
| High (H) | 9e-05 |
| Low (L) | 8e-05 |
| Close (C) | 8e-05 |
| Volume (C) | 1,261,450.70 |
- Open (O): The opening price for today’s trading session was approximately 9e-05 BTC.
- High (H): Worldcoin reached a daily high of around 9e-05 BTC.
- Low (L): The daily low for WLD-BTC was approximately 8e-05 BTC.
- Close (C): At the time of analysis, Worldcoin is trading near its daily close of 8e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -10.08% |
| 3D Change (%) | -15.32% |
| 7D Change (%) | -14.98% |
| 30D Change (%) | 2.80% |
| 90D Change (%) | 32.85% |
| YTD Change (%) | -6.22% |
Over the past three days, WLDBTC has decreased by approximately -15.32%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -14.98%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WLDBTC maintaining an upward trend of approximately 2.80%, despite intermittent fluctuations. Examining the last 90 days, WLDBTC has witnessed substantial increase of approximately 32.85%, reflecting strong long-term confidence. Year-to-date, WLDBTC has steadily declined by around -6.22%, 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 0.86171.
- Momentum score is -0.0102.
WLD BTC Technical Analysis
Worldcoin Trading Volume:
The trading volume for Worldcoin (WLD) over the past 24 hours has been significant, with approximately 1,261,450.70 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 neutral zone, around 45.7292. This suggests that Worldcoin is in range-bound 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Receive signals of caution for potential Worldcoin (WLDBTC) downturns at 8.05e-05 BTC through bearish technical analysis, accompanied by weakened support and cautionary indicators.
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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.