CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

WLD Price Prediction: Bears Hold the High Ground as Price Tests Critical Support Confluence

Blockchain.News logo

Published on

Add as a preferred source on Google
WLD Price Prediction: Bears Hold the High Ground as Price Tests Critical Support Confluence

Worldcoin fell 4.69% to $0.41 on October 29, landing at the intersection of the lower Bollinger Band, the SMA 200, and the immediate support level, while all short-term moving averages remain above...

Market analysis includes conditional scenarios, not assured price outcomes or investment advice. Check the data, assumptions and dates cited.

Worldcoin printed a 24-hour session low of $0.41 on October 29, erasing 4.69% before finding an apparent floor at the same price, according to Binance spot data. The session high of $0.45 was rejected cleanly, and the closing range compressed toward the bottom of the day's band. What makes the $0.40–$0.41 zone notable is its technical density: the Bollinger Band lower boundary sits at $0.40, the 200-day SMA reads $0.40, and the supplied immediate support level also coincides at $0.40. When multiple independent constructions converge this tightly, a breach would carry meaningful signal weight — it would simultaneously take out a long-term trend average, a volatility-derived floor, and a charted support level. Equally, a hold here could attract reactive interest for the same reasons.

Across every supplied moving average, WLD is trading below. 49 respectively. 41, the gap to even the nearest short-term average is approximately 7%. That kind of uniform bearish stack — where every lookback period from seven days to six months sits above price — confirms that no timeframe has yet reversed the prevailing downtrend. 40 is the one average that WLD is still technically above, by a single cent, which makes its defence or failure the most consequential near-term event on the chart.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.