Worldcoin

<p>Worldcoin (WLD) has seen a significant price surge in the last 24 hours, rising over 40% to peak at $4.5 earlier today. This bullish movement comes as WLD circulation took a major reduction.</p>
<p><strong>Causes Behind the Spike</strong></p>
<p>An X user <a href="https://twitter.com/0x_PlanT/status/1736280068953977050?t=aRAiq55efaXLh7j9HwlDhA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@0x_PlanT explained</a>, the WLD price jump was “stimulated by a significant reduction in circulation.” With less WLD tokens available, demand has outpaced supply leading to rapid growth.</p>
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<p>However, @0x_PlanT warns that this bullish run may be short-lived, stating that “The RSI has reached extreme overbought levels, and long positions can be profit-taking.” This indicates traders may soon start selling off shares to lock in profits.</p>
<p><strong>Peak and Profit-Taking</strong></p>
<p>Echoing a similar warning, <a href="https://twitter.com/ArthurDG17/status/1736297845756719271" target="_blank" rel="noopener noreferrer nofollow">ArthurDG17 cautions</a> that the coin’s swift rise to $4.5 represents a peak, saying traders should “take time to strategize your next trades seeing a rush on shorts right now.”</p>
<p>As both posters point out, this flood of shorts suggests the peak may give way to a downhill slide soon. ArthurDG17 advises traders “seeing a rush on shorts” to carefully plan their next move rather than jumping back into a falling market.</p>
<p><strong>Sustainability in Question</strong></p>
<p>While the 40% single-day growth is initially exciting for holders, the sustainability of this bull run remains uncertain. Without continued pressure from reduced circulation, the price may correct back downward once profit-taking kicks in.</p>
<p>For now WLD continues pushing higher, but traders seem wary that this stimulus-fueled surge could be a bubble ready to pop. As short positions pile up expecting a drop, the odds of a lasting upside move appear unlikely.</p>
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<p>The post <a href="https://captainaltcoin.com/worldcoin-spikes-over-40-as-wld-circulation-reduces-why-the-bullish-run-may-not-last/" rel="noopener noreferrer nofollow">Worldcoin Spikes Over 40% as WLD Circulation Reduces, Why the Bullish Run May Not Last</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Worldcoin Spikes Over 40% as WLD Circulation Reduces, Why the Bullish Run May Not Last

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