Worldcoin set to soar 30% if WLD holds above THIS key level

Data revealed that exchanges have witnessed a $20.20 million worth of WLD outflows.
If Worldcoin holds above the $2.5 level, it could soar by 30% to reach the $4 level in the future.

As an analyst with years of experience navigating the unpredictable waters of the cryptocurrency market, I must admit that the recent trends and developments surrounding Worldcoin (WLD) have piqued my interest. The surge in large transaction volume by 252% as reported by IntoTheBlock suggests a growing confidence from whales and institutions – a bullish sign indeed. However, the significant WLD outflows from exchanges over the past 48 hours, amounting to $20.20 million, might indicate that long-term holders are withdrawing their tokens. This could be interpreted as a positive trend, hinting at potential upside momentum and presenting a favorable buying opportunity.

Worldcoin (WLD) is drawing notable interest from cryptocurrency fans due to its recent surge and strong upward trend. This surge has caught the eye of both individual investors and large players like whales and institutions, according to the reports of intoTheBlock, a firm specializing in on-chain analysis.

Worldcoin large txn volume jumps by 252%

According to data from IntoTheBlock, there’s been a significant increase of 252% in large transactions involving WLD, suggesting growing trust among whales and institutions.

During a time when the overall feeling about cryptocurrencies was uncertain because of frequent changes in asset values, there was a substantial increase in trading activity.

Moreover, the inflow/outflow data from Coinglass’s WLD shows that exchanges have consistently seen large withdrawals. In the last 48 hours alone, these exchanges have registered over $20 million in WLD withdrawals.

The phrase “outflow” denotes the movement of funds from digital exchanges into personal wallets, indicating that long-term investors might be taking their tokens out. This persistent transfer of assets from exchanges implies a positive market trend, suggesting possible upward price movements and offering a promising investment chance.

Beyond the increasing enthusiasm from whales and financial institutions, traders are equally optimistic, according to Coinglass. At present, the long/short ratio for WLD is approximately 1.05, suggesting a dominant bullish attitude among traders, implying they are more inclined to buy than sell.

At press time, 51.25% of top WLD traders held long positions, while 48.75% were short positions.

Worldcoin technical analysis and key levels

As a researcher, I’ve observed a significant surge in interest from major players within our field, which seems to coincide with the escalating bullish trends we’re seeing in market patterns.

Based on AMBCrypto’s assessment of technical indicators, Worldline (WLD) seems to be exhibiting a bullish trend. It has recovered from the $2.5 price floor and created a bullish engulfing candle structure in its daily chart.

Based on recent price movements, there’s a high likelihood that WLD could surge by approximately 30% to hit around $4 in the near future. However, this optimistic outlook holds true only if the token maintains its value above the $2.5 mark; otherwise, it might lose momentum.

Realistic or not, here’s WLD’s market cap in BTC’s terms

In a more favorable perspective, WLD’s Relative Strength Index (RSI) is presently at 52, which means it’s not yet in the “overbought” zone. This suggests that there’s potential for the token to experience substantial growth in the near future.

Currently, Worldwide Luxury Development (WLD) is hovering around $3.08, marking a drop of 3.3% in the last 24 hours. Over the same timeframe, its trading volume dropped by 30%, indicating reduced interest from traders and investors compared to the preceding day.

2024-12-13 23:03

Worldcoin large txn volume jumps by 252%

Worldcoin technical analysis and key levels

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