🚨 Technical analysis for the currency $WLD | Daily frame

💰 Current price: 0.3345$ 📉 (-9.98% in 24h)

📉 General trend: Downward

🔸 The price is moving within a clear downward trend, continuing to form lower highs and lows, confirming the sellers' control over the general direction.

🔸 A clear break of previous support areas with accelerating negative momentum, reflecting the weakness of any real rebound attempts so far.

🛡️ The area 0.3416$ – 0.3544$ represents an important current support, and the price is trading near it, and we may witness a temporary technical rebound from it.

⚠️ In case of a clear daily close below this area, the decline may extend towards deeper demand areas near 0.3544$.

🔺 On the upside, the area 0.4706$ remains the first major resistance, followed by a stronger supply area near 0.4236$, and any rise towards resistance areas is considered a correction within the downward trend unless it is breached and held above.

📊 The RSI indicator is moving below the 50 level at 38.07, reflecting the weakness of the current momentum.

❗️This is a technical analysis and not investment advice.