WLD Price Formed a Three White Soldiers Pattern on a 1-D Timeframe

WLD crypto traded at $3.10 at press time, increasing by 10.24% in the past 24 hours. Its market capitalization was $860.97 Million

Worldcoin price showcased sellers’ strength in the long term, while buyers appeared strong in the short term. Since April, the price has dropped by 61%, indicating a bearish trend.

After displaying a bearish trend, the Worldcoin price found support at the $1.75 level, indicating strength. Historically, the $2.15 mark served as a strong support level, and during the first week of July, the liquidity was absorbed below this level.

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According to the technical indicators, the MACD and RSI both displayed a golden crossover, indicating a bullish prediction. The histograms turned green, and the RSI approached the overbought zone.

WLD Price Forms a Three White Soldiers Pattern on 1-D Timeframe Chart

At press time, WLD crypto was trading at $3.10, up 10.24% in the past 24 hours. Its market capitalization was $860.97 Million, while its fully diluted market cap stood at $31.10 Billion.

The 24-hour trading volume of the WLD token was $849.21 Million. Based on trading volume, WLD ranked 13th in the cryptocurrency market. At press time, its circulating supply was 276,830,874 WLD.

On a daily time frame, the Worldcoin price formed a ‘three white soldiers’ pattern on the 1-D timeframe chart. From the $1.75 zone, the price encountered support and quickly recovered by 66% in less than 3 days.

The price crossed the 20-day EMA and approached the 200-day EMA mark. If the digital asset price manages to sustain above the 20-day EMA, buyers could show interest and the price might approach the 200-day EMA.

On the other hand, if the WLD price engulfs the previous candlestick, it could create a lower high. A lower high might attract sellers to create a new lower low.

Awaiting A Massive Upmove In WLD Token Awaits After The Breakout, Claims A Source on X

A source on X claimed that the Worldcoin price is awaiting a massive upmove after the breakout. The crypto asset price was moving nicely but failed to trigger a breakout from the falling channel.

$WLD is Bouncing back Nicely but not out of the Woods yet. Expecting Massive Breakout soon. ??#Crypto #WLD #WLDUSDT pic.twitter.com/i22IYJY894

If the price breaks out of the channel, strong buying momentum could be anticipated.

WLD Price At A Crucial Breakout Level

The WLD price surged by 66% in less than 3 days, forming a ‘three white soldiers’ pattern, indicating potential bullish momentum. As the prices crossed key moving averages and indicators like MACD and RSI showed bullish signals, a possible trend reversal was on the cards.

However, it is crucial to keep an eye on the price action around the 200-day EMA and watch for any lower-high formations that could attract sellers.

Technical Levels

Resistance for the Worldcoin price could be found at the $3.00 and $4.50 levels. For support, the price might encounter it at the $2.15 and $1.75 levels.

This content is for informational purposes only and does not constitute financial, investment, or other advice. The author or any people mentioned in this article are not liable for any financial loss that may result from investing in or trading. Before making any financial choices, please conduct your own research.