Worldcoin

Sherpa

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 A closely followed crypto strategist is warning that one red-hot yet controversial altcoin is on the verge of a collapse.
 Pseudonymous analyst Altcoin Sherpa tells his 196,600 followers on the social media platform X that Worldcoin (WLD) could decline at least 34% from its current value.
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 “WLD: was a great long for this, but I think it looks tired. I’m already out of this trade but if you are currently long, I would consider cutting it soon. 
 I think it ultimately goes to less than a $1 longer term and this is going to head all the way down. Small bounce at $1.50 though.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7cS8fFW0AA2MHp?format=png&amp;name=medium" alt="Image" width="1200" height="592">
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 Source: Altcoin Sherpa/X
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 Looking at his chart, the trader seems to think that Worldcoin is in a downward trend after facing resistance near the $1.90 level and will likely retest the 200-day single moving average (SMA) at the $1.50 range.
 WLD hit a low of $0.978 in mid-September and soared to a high of $1.88 on September 28th, a 92% increase. The token has since retraced and is trading for $1.50 at time of writing, down 9.1% in the last 24 hours.
 The trader is also closely watching Ethereum (ETH) competitor Solana (SOL) to see if it will break a key resistance level to confirm bullish momentum.
 “SOL: this area coming up is a pivotal area. $26 has been a key region for S/R (support/resistance). I still think this one will be a good buy and hold for six-plus months, to be honest, one of the few you can probably invest in. 
 As for trading? Wouldn’t buy until it breaks $26 personally.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7cXcYPWIAAWxLx?format=jpg&amp;name=medium" alt="Image" width="1200" height="592">
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 Source: Altcoin Sherpa/X
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 SOL is trading for $23.16 at time of writing, down 1.2% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-issues-warning-on-altcoin-that-surged-about-92-in-just-weeks-says-it-s-going-to-head-all-the-way-down-tbt65073.html">https://thebittimes.com/trader-issues-warning-on-altcoin-that-surged-about-92-in-just-weeks-says-it-s-going-to-head-all-the-way-down-tbt65073.html</a>

Trader Issues Warning on Altcoin That Surged About 92% in Just Weeks, Says It’s ‘Going To Head All the Way Down’

TheBitTimes

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