Worldcoin (WLD) price showed strength, showing a strong position in the market. According to Global In/Out of the Money, 95% of its holders are currently making a profit.
These optimistic statistics were bolstered by the absence of significant supply barriers, hinting at a potential upward move in Worldcoin’s price.
The key to maintaining this upward trajectory is the $2.10 support level, the last recorded zone where the majority of WLD holders remain profitable.
This price became the most important foundation for the stability and future prospects of the coin.
Industry analysts have suggested that if WLD can maintain this level of support, it could set the stage for further growth. Moreover, it can attract more investment into the asset.
The optimistic forecast was due to the current dynamics of the coin market. Overhead costs pose no immediate threat that could hinder its development.
As Worldcoin continues to navigate the market, the community and potential investors are keeping an eye on its ability to hold above the key $2.10 mark.
With most holders having already made profits and a clear path ahead, the future of Worldcoin does look promising.
Worldcoin price: Critical Support and Bollinger Bands
An analysis of Worldcoin’s price action showed that it continued its upward trajectory on the cryptocurrency charts, backed by a strong base of support at $2.10.
The price action also showed that it is on an ascending trend line. This suggests sustained bullish sentiment among investors.
The current chart showed the Bollinger Bands widening, which has traditionally signaled increased volatility with the potential for significant price movements.
Recent WLD price peaks are positioned neatly above the upper Bollinger Band. This suggests recent price spikes may extend beyond overbought levels, calling for caution among traders.
However, the underlying support highlighted that the majority of WLD holders are currently in profit, providing strong support.
With no significant supply barriers in sight, Worldcoin’s path could continue its bullish momentum if it remains above this critical support level.
Trading volume and market sentiment are aligned, reinforcing the bullish outlook for WLD.
Traders and investors are watching closely as any sustained hold above this line could signal further price gains in the future.
Worldcoin addresses with balance
The cryptocurrency recently set an all-time record for the total number of addresses with balances, highlighting the rise in network participation and investor interest.
This surge in activity coincided with WLD price action remaining above a critical support level, reinforcing bullish sentiment in the market.
Profitability indicators showed that almost all WLD holders are profitable. This provides a solid basis for further price stability and potential growth.
The price was currently testing the upper Bollinger Band, hinting at possible resistance or an upcoming breakout if the bullish momentum continues.
With the market eyeing key support backed by a strong user base, WLD’s prospects appear bright, with no significant supply barriers to hamper the upward move.
Investors and traders are advised to keep a close eye on these levels as they will play a crucial role in determining WLD’s price path in the coming sessions.
