Worldcoin (WLD) is currently navigating a challenging market, trading at $1.84 after a 6.87% decline in the past 24 hours. With a market cap of approximately $945 million, it ranks #69 among cryptocurrencies.
The trading volume has also dipped significantly, down 26.65% to about $190 million, yet the volume-to-market cap ratio of 20.10% indicates that trading activity remains robust despite the downturn.
Recent sell-offs, particularly a notable deposit of $265K worth of WLD tokens by Alameda Research to Binance, have added pressure on the token’s performance. This trend has hindered Worldcoin’s potential recovery over the last two months.
However, analysts remain cautiously optimistic, suggesting that if WLD can maintain its support levels and break through resistance, a bullish turnaround could be on the horizon.
Technical indicators present a mixed bag; the Relative Strength Index (RSI) is at 56.47, placing WLD in a neutral territory.
