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.

1. Significant increase in short-term traders around mid-January 2024.
2. 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.