Worldcoin Price Analysis and Potential Recovery
Worldcoin (WLD) price may be on track to recover as investors pile in, despite potential losses. On-chain indicators suggest a bullish outcome if growth continues. The recent price drop caused WLD to lose support at $2, with around 530 million WLD close to being unprofitable. Investors bought this offering between $1.71 and $1.93, with the current price of $1.83 testing the support at $1.76. To recover, greater demand is necessary as the altcoin is undervalued. The MVRV index indicates an accumulation opportunity, with a 30-day MVRV of -37% indicating potential buying pressure. Historically, MVRV levels between -11% and -37% have led to recoveries. If WLD exceeds $2, an increase to $3 is possible; a failure could cause a drop to $1.50. This analysis is for informational purposes only and encourages readers to conduct their own research and seek professional advice before making financial decisions. $WLD
What do you think?
