- Smart Dex traders and whales sold Worldcoin at an average price of $3.85.
- If this order holds, WLD could pivot to reverse its recent losses.
Smart DEX traders and whales sold Worldcoin (WLD) at an average price of $3.85. Smart DEX trader sales occurred at $3.8 while whales sold at $3.9, indicating a potential profit-taking phase.
Following these sell-offs, there was a notable lack of substantial buying activity, suggesting traders are being cautious. After the sale, only a few began to accumulate again, suggesting mixed sentiment about medium-term investment potential.
Currently, at $2.4, investors appear to be taking a wait-and-see approach.
Source: iCryptoAI/X
The lack of immediate buying after significant selling suggests potential for further price declines or consolidation at these levels. If WLD manages to stabilize or show signs of bullish sentiment, it could attract buyers again.
However, given the recent sell-off by major players, it would be prudent for Worldcoin traders or investors to carefully monitor the market reaction in the short term.
This close could shed light on the direction WLD price will take following the withdrawal of Smart DEX traders and whales.
WLD Price Action and Prediction
Analysis of the WLD/USDT pair showed a prolonged downtrend throughout the second half of 2024. The decline was interrupted by a resistance-turned-support level at $1.50.
WLD fell to the $2.41 order block after a rally from $1.50 to $4, where Smart DEX and whales took profits around the highs. If the order block holds, WLD could pivot to reverse its recent losses.
The MACD showed potential for momentum change, as the histogram shortened into bearish territory, suggesting a decrease in bearish momentum.
Source: TradingView
Additionally, WLD has tested this support multiple times, indicating sustained buyer interest at this level. If order block support at $2.41 remains intact, WLD could challenge levels above $4 in the near term.
A successful breakout of the $6.01 level could lead to a retest of the higher resistance at $9.519, marking a potential bullish phase for WLD in the early months of 2025.
In/Out of the money around the current price
WLD’s profitability around the current price reveals distinct investor positions.
At $2.41, 66.51% of addresses are “in the money,” indicating a potential support level since these holders are profitable. In contrast, 31.28% of addresses are “out of the money,” reflecting unprofitable positions.
If the price of WLD increases, the vast majority “in the money” could have a stabilizing effect.
Source: In the block
Conversely, resistance could materialize near higher price levels where holders were still losing out, potentially limiting gains.
Realistic or not, here is WLD market capitalization in BTC terms
Realistic or not, here is WLD market capitalization in BTC terms
This distribution of profitable and unprofitable positions could influence WLD’s price movements in the short term, as holder reactions to breakevens shape market dynamics.
