Will Worldcoin break above $1.40, reach $2? Mapping…
Main Idea
Worldcoin (WLD) shows signs of bullish momentum as it rebounds from the $1.10 support level, with traders eyeing potential breakouts toward $1.40 and $2.00, though volatility risks remain due to high valuation metrics and liquidation zones.
Key Points
1. WLD has reclaimed the $1.10 support zone, with bullish sentiment indicated by a Long/Short Ratio of 2.59 on Binance (72.14% long positions).
2. Social dominance for WLD has rebounded to 0.047%, suggesting renewed retail interest and speculative activity around the token.
3. WLD's NVT Ratio (249) and Stock-to-Flow ratio spikes signal potential volatility, as these metrics often precede sharp price movements.
4. Key liquidation clusters between $1.15 and $1.20 could trigger short squeezes if bulls push the price above $1.20, accelerating a move toward $1.40.
5. Despite bullish indicators, caution is advised due to overleveraged positions and valuation concerns from high NVT and S/F ratios.
Description
WLD rebounds from $1.10 support as bullish sentiment and crowd interest begin to strengthen.
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