#Worldcoin Breaks Down After Massive Rally
Worldcoin (WLD) Plunges Below $4.78
In a significant turn of events, Worldcoin (WLD) has experienced a major breakdown following a massive rally. The cryptocurrency reached a high above $4.78 before the sudden decline.
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Price Channel Breakout: WLD Heads South
Adding to the bearish sentiment, WLD has broken out of its established price channel towards the lower side. This breakout indicates a shift in market dynamics and suggests a potential downtrend.
Support Levels to Watch
The next crucial support level for Worldcoin (WLD) stands at $3.746. If the cryptocurrency fails to hold this support, market participants should prepare for a massive breakdown towards the next significant support level at $3.239.
Positive Outlook if $3.746 Support Holds
However, if Worldcoin manages to maintain the $3.746 support level, there is a possibility of a bounce back. Traders and investors should closely monitor the price action around this level for any signs of a bullish reversal.
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Source: twitter.com/MtukufuMtukutu
Conclusion
Worldcoin (WLD) is currently facing a significant breakdown after a substantial rally. The cryptocurrency has breached the price channel to the lower side, indicating a potential downtrend. Traders and investors should closely monitor the support levels at $3.746 and $3.239 for potential price movements. If the $3.746 support holds, there is a chance of a bounce back. However, caution is advised as market dynamics continue to shift.
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#Worldcoin is breaking down after a massive rally making a high above $4.78. #WLD has also broken out of the price channel to the lower side.
Next support lies at $3.746, on losing this watch for a massive breakdown to support at $3.239.
If we hold $3.746 expect a bounce back… pic.twitter.com/jSsuYw6xyB
— teshkid is Crypto (@MtukufuMtukutu) December 18, 2023
Source
@MtukufuMtukutu said #Worldcoin is breaking down after a massive rally making a high above $4.78. #WLD has also broken out of the price channel to the lower side. Next support lies at $3.746, on losing this watch for a massive breakdown to support at $3.239. If we hold $3.746 expect a bounce back… twitter.com/i/web/status/1…
