WLD USDT 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-USDT. Worldcoin (WLD) is a decentralized digital currency that utilizes a unique proof-of-work consensus algorithm, which allows for faster and more energy-efficient transactions. With its focus on sustainability and accessibility, Worldcoin aims to provide an inclusive financial system for all users. Additionally, WLD’s innovative features such as atomic swaps and decentralized governance make it an attractive option for those looking for a reliable and secure cryptocurrency investment.

Worldcoin Price Overview:

As of July 05, 2024, Worldcoin is trading at approximately 1.853 USDT. Let’s dive into the detailed price action for WLD-USDT:

Understand Worldcoin’s (WLDUSDT) challenges at 1.85 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 2.092
High (H) 2.092
Low (L) 1.75
Close (C) 1.853
Volume (C) 42,504,267.80
  • Open (O): The opening price for today’s trading session was approximately 2.092 USDT.
  • High (H): Worldcoin reached a daily high of around 2.092 USDT.
  • Low (L): The daily low for WLD-USDT was approximately 1.75 USDT.
  • Close (C): At the time of analysis, Worldcoin is trading near its daily close of 1.853 USDT.
Metric Value
1D Change (%) -11.47%
3D Change (%) -18.62%
7D Change (%) -30.75%
30D Change (%) -62.42%
90D Change (%) -73.45%
YTD Change (%) -49.00%

Over the past three days, WLDUSDT has dropped by approximately -18.62%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -30.75%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WLDUSDT maintaining a downward trend of approximately -62.42%, despite intermittent fluctuations. Examining the last 90 days, WLDUSDT has witnessed substantial decrease of approximately -73.45%, reflecting strong long-term confidence. Year-to-date, WLDUSDT has steadily dropped by around -49.00%, 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-USDT 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 0.76402.
  • Momentum score is -0.46008.

WLD USDT Technical Analysis

Worldcoin Trading Volume:

The trading volume for Worldcoin (WLD) over the past 24 hours has been significant, with approximately 42,504,267.80 USDT 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-USDT is currently in the low zone, around 30.13781. This suggests that Worldcoin is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Understand Worldcoin’s (WLDUSDT) challenges at 1.85 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Don’t skip our thorough exploration of WLD BTC Worldcoin Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

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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