๐จ Technical analysis for the $WLD coin | 4-hour timeframe
๐น Current price: $0.3936 ๐ (-5.19% in 24h)
โ It moves within a clear downward trend, with the continued formation of lower highs and lower lows, confirming sellersโ control over the overall direction.
โ A clear breakdown of previous support zones with accelerating negative momentum, reflecting the weakness of any rebound attempts so far.
โ The $0.3660 โ $0.3331 zone represents major support / demand.
โ It is trading near the 27.41 level in oversold areas, which may support a temporary technical rebound.
๐ผ Positive scenario (upside):
If it holds and breaks above $0.6614
๐ฏ $0.7274 โ $0.8195 โ $0.9213$
๐ฝ Negative scenario (downside):
If it breaks $0.3818 with a 4-hour close
โ $0.3660 โ $0.3331 โ $0.2931$
๐ Note: Any rise toward resistance areas is considered a correction within the downtrend unless it is broken and holds above them.
$WLD #WLD
๐น Current price: $0.3936 ๐ (-5.19% in 24h)
โ It moves within a clear downward trend, with the continued formation of lower highs and lower lows, confirming sellersโ control over the overall direction.
โ A clear breakdown of previous support zones with accelerating negative momentum, reflecting the weakness of any rebound attempts so far.
โ The $0.3660 โ $0.3331 zone represents major support / demand.
โ It is trading near the 27.41 level in oversold areas, which may support a temporary technical rebound.
๐ผ Positive scenario (upside):
If it holds and breaks above $0.6614
๐ฏ $0.7274 โ $0.8195 โ $0.9213$
๐ฝ Negative scenario (downside):
If it breaks $0.3818 with a 4-hour close
โ $0.3660 โ $0.3331 โ $0.2931$
๐ Note: Any rise toward resistance areas is considered a correction within the downtrend unless it is broken and holds above them.
$WLD #WLD