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The post <a href="https://coinpedia.org/price-analysis/worldcoin-hints-a-potential-bullish-reversal-wld-price-to-record-new-high-soon/">Worldcoin Hints A Potential Bullish Reversal! WLD Price To Record New High Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency industry continues to display mixed sentiment as the top tokens continue to record a constant increase in selling pressure. Moreover, top altcoins continue to hover close to their important support levels, indicating a high possibility of the industry concluding this month on a bearish note. 
On the other hand, <a href="https://coinpedia.org/price-prediction/worldcoin-wld-price-prediction/">Worldcoin price</a> has recorded a jump of 9% within the past day but has recorded a correction of approximately 24% within the past seven days and 45.74% over the past 30 days. Positively, the YTD of this altcoin stands at +38.61%, indicating a positive outlook in the long-term perspective. 
<h2 class="wp-block-heading" id="h-wld-token-holds-its-price-above-the-important-support-level">WLD Token Holds Its Price Above The Important Support Level!</h2> 
The Worldcoin displayed a neutral trend by trading in a closed range between $1.70 and $2.91 for the first two months of 2024. As the volatility in the market grew, the bulls gained momentum and jumped over 443% within 32 days, resulting in the WLD token recording a new ATH at $11.820. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/S6yJYM7ZLzrwR10YO8fdLnVIUkxaozKxeqx2L_SLHzIgRQM0cCWpyM34js--pjDlH18PKj80GHJE4eSFazjzzMAmqsXnvzJrPukqAoBJn0-9oKf8S5VguT5VCrZ7Qk4sl4N8Pugr2pebPLtkghyZ9SA" alt="WLD Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WLD/USDT
 </figcaption>
</figure> 
However, the bulls lost momentum after recording the ATH. Since then, the price has traded under a bearish influence, highlighting increased selling pressure in the crypto industry. Furthermore, the SMA shows a constant descent, suggesting a negative price action for the <a href="https://markets.coinpedia.org/worldcoin-org/">WLD price</a> in the coming days. 
Also Check Out : <a href="https://coinpedia.org/price-analysis/mnt-price-analysis-reports-a-potential-surge-to-2-this-month/">MNT Price Analysis Reports A Potential Surge To $2 This Month</a> 
The technical indicator, MACD, shows a constant red histogram in the chart, highlighting a bearish price sentiment in the crypto space. Moreover, the averages display a steady decline, suggesting a negative price action for the altcoin in the coming time. 
<h2 class="wp-block-heading" id="h-will-worldcoin-price-rise-back-up">Will Worldcoin Price Rise Back Up?</h2> 
If the market holds its price above the support level of $4.40, the bulls will regain momentum and test its resistance level of $6.37. Maintaining the price at that level will set the stage for Worldcoin to attempt to test its upper resistance level of $7.65 during the upcoming week. 
Conversely, if a bearish trend reversal occurs, the price will break down its support level at $4.40 and fall to test its low of $2.915 in the coming time. 
Did You Know : <a href="https://coinpedia.org/price-analysis/ethereum-to-plunge-to-2500-this-month-whats-next-for-eth-and-ena/">Ethereum To Plunge To $2,500 This Month? What’s Next For ETH And ENA?</a>

Worldcoin Hints A Potential Bullish Reversal! WLD Price To Record New High Soon?

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