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Analysis of Worldcoin’s WLD Token Price and Price Performance

Jul 4, 2024

The cryptocurrency market faced renewed pressure this week with Bitcoin dropping below $60,000, triggering a correction trend for major altcoins. Despite this, Worldcoin managed to remain stable, showing a 4% increase and challenging resistances. Amidst a downturn, Worldcoin's price dropped significantly from $5.13 to $2.14, a 58.3% decrease. However, the asset found support at $2.135, rising 10.5% to $2.36 with a market cap of $619.9 million. If bullish momentum continues, the price may rise by 4% to challenge the trendline resistance, indicating a trend reversal. Technical indicators like RSI and EMA suggest potential for a recovery cycle. A potential breakout from the downward trendline could push the price to challenge resistances at $2.87, $3.2, and $4.4.

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