Worldcoin Price Prediction: Bulls Defend $0.87 After Sharp Rejection
The post Worldcoin Price Prediction: Bulls Defend $0.87 After Sharp Rejection appeared on BitcoinEthereumNews.com. Worldcoin (WLD) is showing signs of short-term uncertainty after a strong recovery attempt above $0.98 was followed by a sharp rejection. The token is now holding support at $0.87, a key zone that buyers are attempting to defend amid shifting derivatives activity and broader market recalibration. Despite some volatility, accumulation signs have emerged across intraday and daily charts, suggesting a possible setup for the next move. Open Interest Declines as Price Retraces From $0.985 The 1-hour chart from Open Interest highlights notable short-term volatility in Worldcoin’s recent price structure. Between June 27 and July 1, WLD traded sideways near $0.86 before rallying to a high of $0.985 on July 3. However, that breakout failed to hold, leading to a quick retracement to $0.929. The rejection occurred near the psychologically important $1 level, indicating that sellers regained control at that resistance. Source: Open Interest Simultaneously, aggregated open interest rose during the upward move, signaling that traders were opening long positions in anticipation of a continued breakout. However, once the rally stalled and prices reversed, open interest also began to decline, falling to approximately 3.449 million. This shift in OI suggests that traders exited their positions—either through liquidation or risk management—pointing to decreased speculative conviction in the short term. The combination of falling price and declining OI signals a de-risking phase rather than immediate bullish continuation. Chart Shows Broad Participation in Uptrend In the 24-hour BraveNewCoin chart from July 2 to July 3, Worldcoin showed a more positive trend, with the price climbing steadily from around $0.91 to $0.981. The session closed with an 11.39% gain, supported by a 24-hour trading volume of $254.58 million. This gradual and steady price increase occurred without dramatic volume spikes, indicating consistent buying across the market rather than isolated activity. Source: Brave New Coin The volume…
The post Worldcoin Price Prediction: Bulls Defend $0.87 After Sharp Rejection appeared on BitcoinEthereumNews.com.
Worldcoin (WLD) is showing signs of short-term uncertainty after a strong recovery attempt above $0.98 was followed by a sharp rejection. The token is now holding support at $0.87, a key zone that buyers are attempting to defend amid shifting derivatives activity and broader market recalibration. Despite some volatility, accumulation signs have emerged across intraday and daily charts, suggesting a possible setup for the next move. Open Interest Declines as Price Retraces From $0.985 The 1-hour chart from Open Interest highlights notable short-term volatility in Worldcoin’s recent price structure. Between June 27 and July 1, WLD traded sideways near $0.86 before rallying to a high of $0.985 on July 3. However, that breakout failed to hold, leading to a quick retracement to $0.929. The rejection occurred near the psychologically important $1 level, indicating that sellers regained control at that resistance. Source: Open Interest Simultaneously, aggregated open interest rose during the upward move, signaling that traders were opening long positions in anticipation of a continued breakout. However, once the rally stalled and prices reversed, open interest also began to decline, falling to approximately 3.449 million. This shift in OI suggests that traders exited their positions—either through liquidation or risk management—pointing to decreased speculative conviction in the short term. The combination of falling price and declining OI signals a de-risking phase rather than immediate bullish continuation. Chart Shows Broad Participation in Uptrend In the 24-hour BraveNewCoin chart from July 2 to July 3, Worldcoin showed a more positive trend, with the price climbing steadily from around $0.91 to $0.981. The session closed with an 11.39% gain, supported by a 24-hour trading volume of $254.58 million. This gradual and steady price increase occurred without dramatic volume spikes, indicating consistent buying across the market rather than isolated activity. Source: Brave New Coin The volume…
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