Worldcoin （WLD） faces a balanced battle between bulls and bears, with speculation on whether its price will rebound or continue to decline.
Points
- Worldcoin’s price is currently $2.02, down 5.30% in the last 24 hours.
- The number of bulls and bears is nearly equal.
- Supply distribution changes suggest potential for price rebound.
- Key technical indicators are showing bearish momentum.
Worldcoin （WLD）, the token of the open-source digital identity protocol, is experiencing a tug-of-war between bulls and bears. At press time, WLD is priced at $2.02, a 5.30% drop in the last 24 hours. The Bulls And Bears Indicator reveals an equal number of bulls and bears, each trading around 124 million tokens.
The balanced trading activity suggests short-term price consolidation. However, continuous token unlocking has prevented a supply crunch, contributing to the decline. Data shows an increase in addresses holding 1 million to 10 million WLD, indicating accumulation.
Despite the current bearish momentum, indicated by the Relative Strength Index （RSI） nearing oversold levels, a potential rebound could occur if the price reaches a significant demand zone.
解説
- The balance between bulls and bears highlights market uncertainty and potential volatility.
- Continuous token unlocking can affect supply dynamics, impacting price stability.
- Accumulation by larger holders suggests confidence in long-term value, despite short-term declines.
- Technical indicators like RSI and demand zones are critical for predicting potential rebounds or further declines.