Worldcoin

Sherpa

<div class="dailyhodl">
 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.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 “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">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 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">
 <figcaption class="wp-caption-text">
 Source: Altcoin Sherpa/X
 </figcaption>
 </figure>
 SOL is trading for $23.16 at time of writing, down 1.2% in the last 24 hours.
</div>
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

2023년 10월 4일에 게재된 다른 기사

US Debt Surges by $275 Billion in 24 Hours: Analyst Makes Comparison to Bitcoin’s Market Cap

The New Change In Spin And Win Rewards

Here is all that happened at Technext Coinference 3.0

Uzbekistan Greenlights Cryptocurrency Mining with New Regulations

Ripple Price Forecast: XRP Surges After It Gives The SEC Another Beating In Court

Bitcoin’s Recent Rally: a Short-Lived Bullish Signal Amidst Bear Market Concerns

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!