Worldcoin was likely to continue its firm downtrend, but some price volatility is expected due to a short-squeeze.
The liq levels delta was highly negative, showing that Worldcoin is likely but not guaranteed to bounce higher to balance this out.has been in a strong downtrend of late, one that has not yet slowed down. A report earlier this month highlighted that Alameda still held 24 million WLD tokens.The heavy price losses were not close to ending.
The 23.6% Fibonacci extension level at $0.89 is the next bearish target, although a price bounce to $1.7 and $2.15 was possible before that.The $1.96-$2.11 was a large liquidity cluster above the current market price. To the south, the $1.22 was a region where Worldcoin bullish reversal might occur.
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