Deciphering Worldcoin (WLD) Bearish Trend Through Data Analysis
Worldcoin (WLD) Bearish Trend: Analyzing Data to Decipher Price Action
Worldcoin has been experiencing significant fluctuations, peaking at $11.50 before facing a downtrend.
WLD Fails to Reverse the Daily Bearish Trend
Analysis of the price movements reveals the struggle to break key resistance levels, mainly the $5.50 mark.
- Analyzing the price movements of WLD/USDT to understand market sentiment.
- Key support and resistance levels indicating price action.
- Intermittent bullish attempts failing at the $5.50 resistance.
This pattern suggests that short-term speculative trading heavily influences WLD's price movements.
Analysis of Address Activity by Time Held
Examining the impact of trader addresses based on time held, revealing short-term interest and its effect on price.
- Significant increase in short-term traders around mid-January 2024.
- Decrease in trader addresses as prices declined.
For sustained growth and stability, WLD needs more long-term holders.
How Active Address Data Reveals Worldcoin (WLD) Profitability Trends
Using active address data to analyze profit, breaking even, and losses among WLD holders.
- Address profitability surges after price rises, reflecting profitable trades.
- Losses for holders who bought at higher prices during price declines.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.