2024

Worldcoin

when

Time

Coin

<p>The <strong><a href="https://www.thecoinrepublic.com/category/crypto/">Worldcoin (WLD) price</a></strong> displayed range-bound movements close to the $2 mark and exhibited low-volume buying activity.</p> 
<p>First, it looked like the beginning of a large upswing, but additional assessment warned that it could be otherwise. It is also noteworthy that Worldcoin (<strong>WLD</strong>) has been constantly bearish for the past three months.</p> 
<p>This month, the <strong>WLD price</strong> departed from the crucial support zone around the $1.60 mark. It exhibited a bullish recovery and demand resurgence.</p> 
<p>Still, the WLD price failed to crack the 50-day EMA mark. It formed multiple doji candlesticks in the past few trading sessions, which delivered uncertainty and a lack of buying pressure.</p> 
<p>Until the cluster of $3 breaches, fresh, one-sided buying action could not be possible. Notably, it was trading close to its 52-week low region and has been underperforming for the past few weeks.</p> 
<h2 class="wp-block-heading" id="h-the-wld-price-at-press-time"><strong>The WLD Price at Press Time</strong></h2> 
<p>When writing, the <strong>WLD price </strong>traded at $2.20 with an intraday drop of 3.20%, reflecting neutrality on the charts. Its trading volume dropped over 12.7% to $667.39 Million, delivering low-volume activity.</p> 
<p>The pair of WLD/BTC was at 0.0000333 BTC, and the market cap was $667.39 Million. Analysts were neutral and suggested that the <strong>WLD price</strong> might continue to hover around the $2 mark ahead.</p> 
<h2 class="wp-block-heading" id="h-worldcoin-stayed-flat-price-action-outlook"><strong>Worldcoin Stayed Flat: Price Action Outlook</strong></h2> 
<p>Amidst the significant <strong>price recovery</strong> in this month’s first week, the WLD price still hovered below the 20-day EMA mark. This guided a bearish structure.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (WLD), Volume (WLD)" width="800" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2024-01-31T18%3A29%3A59.860Z&amp;dt=2024-07-31T18%3A29%3A59.860Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bworldcoin-org%3BWLD%5D%3B%5B1%3Bvolume_usd%3Bworldcoin-org%3BWLD%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>The price action for the past two weeks signified that WLD stays in a consolidation phase, guiding low investor interest. A demand surge and recovery were exhibited during the first week of July. However, a lack of follow-on buying action led to price consolidation.</p> 
<p>The RSI curve stayed flat around 52 near the midline region, and a negative crossover was established on the charts.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24wld&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$wld</a> when scam pump ? <a href="https://t.co/3eMh9jwLR9">pic.twitter.com/3eMh9jwLR9</a></p>— KNIGHT $INJ TO 100$ (@cryptoknight890) <a href="https://twitter.com/cryptoknight890/status/1818224702529183803?ref_src=twsrc%5Etfw">July 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-what-do-social-metrics-say-on-worldcoin"><strong>What Do Social Metrics Say on Worldcoin?</strong></h2> 
<p>The price action remained flat, but the social dominance activity plotted a spike of over 9% and jumped to 0.139%. It implied a surge in the investors’ chatter and discussions on social media platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (WLD), Development Activity (WLD)" width="800" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2024-01-31T18%3A29%3A59.860Z&amp;dt=2024-07-31T18%3A29%3A59.860Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bworldcoin-org%3BWLD%5D%3B%5B1%3Bdev_activity%3Bworldcoin-org%3BWLD%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe> 
<p>Notably, the development activity data looked flat around its mid-trajectory of 9.76. It noted a surge of over 3% this week.</p> 
<h2 class="wp-block-heading" id="h-the-majority-of-holding-addresses-are-in-red"><strong>The Majority of Holding Addresses are in Red</strong></h2> 
<p>The Global In/Out of the Money (GIOM) indicator showed that only 12.18% of WLD addresses are profitable. At the same time, more than 85% of its holders are underwater or facing unrealized losses.</p> 
<p>Typically, when a large chunk of holders are making losses, chances of further selloff are reduced to a bit. Additionally, a recovery can be seen ahead.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="386" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-1024x386.png" alt="GIOM Indicator | Source: IntoTheBlock" class="wp-image-639749" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-1024x386.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-300x113.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-768x290.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-150x57.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-696x263.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10-1068x403.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-10.png 1182w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  GIOM Indicator | Source: IntoTheBlock
 </figcaption>
</figure> 
<p>Selling WLD at current price levels would lose more than 85% of its holders. This may be considered a way for buyers to begin accumulating. It can trigger a bounce to find a significant exit at the highs.</p> 
<h2 class="wp-block-heading" id="h-futures-open-interest-data-noted-a-decline"><strong>Futures Open Interest Data Noted a Decline</strong></h2> 
<p>The Futures Open Interest data noted a decline of over 5.39% to $217.88 Million. It displayed a significant long unwinding activity in the past 24 hours.</p> 
<p>Notably, if the WLD price fails to hold above the $2 mark, it may fall toward the immediate support zone of $1.960 and $1.780.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="248" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1024x248.png" alt="Open Interest Data | Source: Coinglass" class="wp-image-639754" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1024x248.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-300x73.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-768x186.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-150x36.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-696x169.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11-1068x259.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-11.png 1382w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>In contrast, if the bulls sprint the recovery ahead, it may retest the uppermost hurdle of $2.50, followed by $3 soon.</p> 
<p>The WLD price action signified weak momentum, and investors did not look confident in accumulating WLD at the current price levels.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/01/worldcoin-wld-price-consolidates-near-2-is-recovery-imminent/">Worldcoin (WLD) Price Consolidates Near $2: Is Recovery Imminent</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Worldcoin (WLD) Price Consolidates Near $2: Is Recovery Imminent

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