Worldcoin (WLD) experienced a price decline following profit-taking activities by Smart DEX traders and whales. While the lack of immediate buying suggests potential further dips, indicators point towards a possible reversal. The $2.41 order block, tested multiple times, could act as a support level, leading to a challenge of higher resistance levels in the near future.
at an average price of $3.85. The sales by Smart DEX traders occurred at $3.8 while whales sold at $3.9, indicating a potential profit-taking phase.
However, given the recent sell-off by significant players, a careful watch on market response in the short-term would be prudent for Worldcoin traders or investors. WLD declined to the $2.41 order block after a rally from $1.50 to $4, where Smart DEX and whales took profits around the peaks. If the order block holds, WLD could pivot to reverse its recent losses.
Worldcoin WLD Cryptocurrency Price Analysis Technical Analysis Profit-Taking
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