Worldcoin Falls 10.96% to $1.85: Is a Recovery Imminent

• Worldcoin has approached its significant support level of $1.54, with large transactions contributing to renewed market interest.
• Bearish signals have been prevalent concerning Worldcoin, with the RSI at 38 and the ADX indicating marginal trend strength.

Worldcoin [WLD] witnessed trading at $1.85 at press time, marking a -10.96% decline over the last 24 hours based on Coingecko. The daily trading volume stood at $434,172,556, showcasing active engagement despite the ongoing downtrend.

The price remains clearly in a downward trajectory, characterized by lower highs and lower lows while staying below a descending trendline.

A crucial support level lies at $1.54, where sell-side liquidity is concentrated and an important observation point going forward.

Main levels to monitor in Worldcoin’s downtrend

Technical metrics have pointed out essential resistance levels for potential price recoveries.

The Fibonacci retracement levels are set at $2.02 (0.236), $2.58 (0.382), and $2.88 (0.5), which may present obstacles during price recovery attempts.

The Fair Value Gap (FVG) ranging from $3.00 to $3.50 is viewed as a long-term target within the current bearish market conditions.

, situated near the lower boundary of $1.
8074 suggests potential oversold conditions.

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