Worldcoin

<p style="text-align: justify">Lookonchain, a market analysis platform, recently shared a statement on Twitter indicating that Worldcoin (WLD) is being accumulated by whales and various institutional investors. According to Lookonchain’s analysis, a total of 4.12 million WLD coins were withdrawn from OKX and <a href="https://en.coin-turk.com/abd-department-of-justice-considers-fraud-charges-against-binance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> exchanges within 3 hours by a new wallet address.</p>
<h2 style="text-align: justify" id="worldcoin-whales-accumulating">Worldcoin Whales Accumulating</h2>
<p style="text-align: justify">Lookonchain revealed that major institutions like GSR have accumulated 7.4 million WLD since August 29th. Additionally, Amber had withdrawn 500,000 WLD from OKX. These accumulations can be interpreted as preparations for a significant movement in the price of Worldcoin tokens.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-268341" src="https://coin-turk.com/wp-content/uploads/2023/10/wld-coin-usdt.jpg" alt="" width="410" height="465"></p>
<p style="text-align: justify">Despite the significant accumulation by whales and institutions, WLD seems to have faced a major decline throughout the day. According to data from 21milyon.com, WLD experienced a destructive drop of 7.17% in the past 24 hours. The altcoin, which dropped to $1.45 after the decline, is currently trading at this level.</p>
<p style="text-align: justify">Despite these large purchases, WLD appears to be shaken in terms of trading volume. The trading volume for WLD in the 24-hour period experienced a decrease of 20.32%. The volume during this period amounted to $56,136,326.</p>
<h2 style="text-align: justify" id="worldcoin-price-analysis">Worldcoin Price Analysis</h2>
<p style="text-align: justify">When examining the 2-hour chart of WLD/<a href="https://en.coin-turk.com/tether-takes-action-against-terrorism-and-crime/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a>, it can be observed that the candlestick touched the lower band of the Bollinger Bands, resulting in a decline throughout the day. Since the movement of the lower band was downward, a similar buying and selling activity was seen in the candlesticks.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-268340" src="https://coin-turk.com/wp-content/uploads/2023/10/world-coin-usdt-2.jpg" alt="" width="639" height="352"></p>
<p style="text-align: justify">Although the candlesticks appear to be in the negative zone, a potential price movement in the near future could trigger an early signal for a breakout towards the upper region of the Bollinger Bands.</p>
<p style="text-align: justify">The RSI value during this period was 40.88, supporting the notion that the candles may continue to move upward for some time. One of the indicators of a possible rise could be the RSI value showing an upward trend. Rising above a certain level, the RSI can be considered a popular signal among traders and is often regarded as an approaching bull season in the market.</p> Continue Reading: <a href="https://en.coin-turk.com/worldcoin-whales-accumulating-analysis-reveals/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/worldcoin-whales-accumulating-analysis-reveals/</a>

Worldcoin Whales Accumulating: Analysis Reveals

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