Yello, Paradisers! Is #WLD on the edge of a major bullish breakout or a steep decline? Let's discuss the latest #Worldcoin's analysis:
💎#WLDUSDT recently broke out of its descending channel resistance, sparking hopes of a bullish continuation. However, the rally is now facing a critical test at the $2.87 resistance level, which has halted upward momentum.
💎This minor resistance zone is a key inflection point; a clean break above it could confirm a bullish trend reversal, paving the way for #Worldcoin to target significantly higher price levels. Such a move would signal market confidence and mark a pivotal shift in market structure.
💎The downside risks, however, cannot be ignored. If #WLD fails to break above $2.87, it may retrace to test the major support level at $1.57. This area, aligned with a previous significant low, acts as a crucial safety net for buyers. A failure to hold this support would likely lead to a retest of the $1.29 demand zone, the final line of defense for bulls.
💎If #WLDUSDT closes below $1.29 on the daily chart, the bullish case would be entirely invalidated. Such a move would confirm a bearish outlook, increasing the probability of forming new lower lows and triggering deeper declines as market sentiment deteriorates further.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#WLDUSDT recently broke out of its descending channel resistance, sparking hopes of a bullish continuation. However, the rally is now facing a critical test at the $2.87 resistance level, which has halted upward momentum.
💎This minor resistance zone is a key inflection point; a clean break above it could confirm a bullish trend reversal, paving the way for #Worldcoin to target significantly higher price levels. Such a move would signal market confidence and mark a pivotal shift in market structure.
💎The downside risks, however, cannot be ignored. If #WLD fails to break above $2.87, it may retrace to test the major support level at $1.57. This area, aligned with a previous significant low, acts as a crucial safety net for buyers. A failure to hold this support would likely lead to a retest of the $1.29 demand zone, the final line of defense for bulls.
💎If #WLDUSDT closes below $1.29 on the daily chart, the bullish case would be entirely invalidated. Such a move would confirm a bearish outlook, increasing the probability of forming new lower lows and triggering deeper declines as market sentiment deteriorates further.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.