Worldcoin ($WLD) Chart Analysis: Potential Price Movements and EWLD/USDT chart Analysis:-
In this analysis, we will examine the current trading status of Worldcoin ( MIL:WLD ) and its potential price movements based on chart patterns. We will also consider factors such as total supply and market circulation to gauge the possibility of significant price swings. This analysis aims to provide insights for investors looking for potential entry opportunities in $WLD.
Current Status:
At the time of writing, MIL:WLD is trading at $2.15 and appears to be moving within a parallel channel on the chart.
Price Expectations:
Considering the historical performance of similar projects like MATIC, the analyst expects MIL:WLD not to surpass $3 in the near future. However, it is important to exercise caution and avoid falling into FOMO (Fear Of Missing Out) as predictions are subject to market volatility.
Support Levels:
The chart analysis indicates that $2 is a strong support level for $WLD. A break below this level might lead to potential price declines towards $1.5 and $1. Investors should closely monitor this level to make informed decisions.
What If $3 Level Is Broken?
Given that the total supply of MIL:WLD is 10 billion with only 1% in the market for circulative supply, there is a possibility of market manipulation by big investors seeking to book profits at the top. If the $3 level is broken, it may provide a short-term price surge, but investors should remain cautious.
Entry Opportunities:
If the price of MIL:WLD goes around or below $1, it could present a good entry opportunity for investors seeking a favorable risk-to-reward ratio. However, it is crucial to perform thorough research and due diligence before making any investment decisions.
Disclaimer : This analysis is not financial advice. It is for informational purposes only. Investors should conduct their own research and seek professional advice before making any investment decisions.
