Worldcoin (WLD) has garnered attention as one of the most discussed digital assets recently. This article examines key issues and technical aspects regarding the future of WLD price.
Why Worldcoin Price Could Crash
Worldcoin’s price might face downward pressure due to growing concerns around its concept of universal digital identity. Vitalik Buterin, co-founder of Ethereum, has expressed concerns about the threat posed by the 'one-person-one-ID' system to user anonymity. This could lead to distrust from both users and regulators, undermining interest in the asset.
Current Analysis of Worldcoin Chart
The daily Heikin Ashi chart shows a persistent downtrend since May when WLD nearly reached $1.80. Currently, the price is consolidating around $0.88. The Relative Strength Index (RSI) sits at about 40.22, indicating prevailing bearish momentum. A further drop below 40 could suggest a sharper sell-off.
Prediction and Key Support Levels
Key support levels for Worldcoin are at $0.80, $0.65, and $0.55. The $0.80 level has already served as a psychological barrier over the past weeks, and closing below it on high volume may lead to a drop towards $0.65. In the short term, if the price can rise above $0.90, it could indicate a temporary recovery, but the overall situation remains challenging.
In summary, the current market sentiment is bearish, and unless key support levels hold, Worldcoin's price may continue to decline. Investors should closely monitor RSI levels and $0.80 to confirm further asset movements.
