- Worldcoin’s price at $2.29 faces key support at $2.21 and resistance at $2.35 amid a 1.83% daily decrease.
- With an RSI of 21.96, Worldcoin is oversold, hinting at a potential rebound despite strong selling pressure.
- Market cap is $597M, volume $169M, and a 28.23% volume-to-market cap ratio suggests high trading activity and volatility.
Sam Altman-backed Worldcoin (WLD) has recently recruited a notable figure to its team, sparking interest in the potential impact on the token’s price. Currently priced at $2.29, Worldcoin has declined 1.83% in the past 24 hours, with a peak of $2.35 and a low of $2.21. Traders and investors are monitoring these levels as potential support and resistance zones.
Support and resistance levels are crucial for understanding Worldcoin’s price dynamics. The recent low of $2.21 represents a key support level, with another potential support level at $2.25 where the price has consolidated. On the upside, the recent peak of $2.35 acts as significant resistance, while the current price of $2.30 could serve as immediate resistance if an upward move occurs.
Broader market data provides additional context. Worldcoin’s market cap is $597,763,483, with a 24-hour trading volume of $169,413,351. The circulating supply is 260,675,203 WLD, and the volume-to-market cap ratio is 28.23%. These figures highlight the active trading environment and potential volatility in the market.
Worldcoin/USD 1-day price chart, Source: Trading view
Technical indicators offer mixed signals regarding Worldcoin’s future price movements. The 1-day Relative Strength Index (RSI) reads 21.96, indicating the token is currently oversold, suggesting a potential price increase in the near future.
Additionally, the 1-day Moving Average Convergence Divergence (MACD) is trading below the signal line, reflecting strong selling pressure. However, an impending bullish crossover could signal a trend reversal.
Worldcoin/USD 1-week price chart, Source: Trading view
The 1-week RSI, currently at 37.12, suggests that Worldcoin may soon approach oversold conditions. The 1-week MACD trading below the signal line indicates potential further downward momentum in the near term.
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