- 1 With 262.677 million tokens in circulation, Worldcoin (WLD) has a market cap of $603.901 Million press time, ranking 95th on CoinMarketCap.
- 2 Analysts predict potential gains of 80 to 120x, with a target price of $205.7 over a 1-year span.
Worldcoin (WLD) has reached a crucial demand zone after plummeting significantly. It has surged by more than 100% in 24-hour volume and amounted to $385 Million. Its market-to-volume ratio highlights good liquidity at 62.02%, while its circulation stands at 262.677 million WLD tokens.
At the time of writing, the WLD market cap was $603.901 Million and it ranked 95th among the top 100 cryptos on CoinMarketCap in the same metric.
WLD Derivatives Data Analysis | Source: Coinglass.com
As per the WLD derivatives data, the open interest was at $159.30 Million, and its derivatives volume spiked by 91.67%, which amounted to $2.20 Billion. As per Coinglass, the long versus short ratio for 24 hours was 0.9478.
The short liquidation was $1.66 Million vs. $3.44 Million for the long liquidation. Thus, it meant that more loans were liquidated in the market.
Analyst Shares Massive 100x Optimism!
An analyst, Cryptobullmaker, shared an optimistic post on X. He stated that he had added WLD tokens in his wallet for 100x gains. He even said that within a year, the gains would be massive.
He clarified that while it would not be a perfect 100x, but was confident about gains between 80 and 120x. He further highlighted optimistically that he wishes to sell by capturing the top of this cycle.
Guys added $wld here for a 100x
— Cryptobull ( Free Premium Calls ) (@Cryptobullmaker) July 3, 2024
Mark this tweet and come back to this in a year ️
Not perfectly 100x but u can say between 80-120x we will sell at the top of this cycle
Like and retweet and bookmark this ❤️ pic.twitter.com/QZNH4yIZHv
He shared a graph of the weekly chart, where he drew his prediction up to the $205.7 price mark by 1 year. He presented the $2.064 support zone as a critical one.
The Worldcoin (WLD) Price Action On Daily Symbolizes A Fascinating Pattern On The Way!
(WLD) started well in 2024, as after the consolidation ended in January 2024, the buyers became more active in the first week of February. The WLD propulsion took the crypto price and rocketed towards the peak of the $12.0 mark by March 9th, 2024. However, after that, WLD displayed unusually high instability, faced strong resistance from mid-March 2024 onwards, and followed a contracted wedge.
The deterioration in price led to the demand zone, where an earlier spike propelled. WLD is at a crucial level.
At press time, all indicators are reflecting bearishness. As the 50-day and 200-day EMA bands restricted the price, the MACD has been trading in bearish territory, where the histogram is at 0.00380.
The RSI has reached an extreme oversold zone at 20.62, symbolizing bearishness, but a significant buying could be initiated in WLD any time.
At press time, the WLD has trading at $2.265, and an anticipated falling wedge breakout could pop out based on the buyers’ activity. If breakouts propel, the resistance levels would be $5.0 and $6.0. However, if the asset breaks down, the price could fall to the $1 mark.
Global In and Out Data of the WLD Money
For any addresses with a balance of WLD, the following chart compares the average price at which it was purchased and compares it with the recent price (at press time).
Global In/Out of the Money | Source: Intotheblock
According to the chart data, only 15.07% are in profit, which makes is around 3.55K addresses. Meanwhile, the addresses sitting in losses are 17.6K, with a percentage of 74.68%.
Worldcoin (WLD) saw a significant surge in demand, reaching a 100% increase in 24-hour volume to $385 Million.
The price soared to $12.0 in early 2024 before facing resistance and entering a contracted wedge pattern. The price decline created a demand zone with a potential for dormant buying.
Indicators suggest bearishness, with EMA bands pushing the price down. RSI shows extreme oversold conditions, indicating a potential for significant buying. WLD trades at $2.265 with a possible breakout towards $5.0 and $6.0 resistance levels or a drop to $1. Addresses show only 15.07% in profit and 74.68% in losses.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
