WLD Price Analysis: Does Worldcoin Price Recovery Lie In The Hands Of Its Investors?

cryptonews.com:

Worldcoin’s (WLD) price, around $2.80, has significantly declined in the past weeks. But impressively, this has still not made the WLD holders offload their holdings to offset their losses. This is evident upon observing the active addresses by profitability. The total number of participating addresses in profit is less than 3%, and when these investors dominate 25% of the activity, a concern of profit taking rises.

Notably, this is not a concern for WLD as it is far below the threshold above – that is, Worldcoin investors are not looking to sell their holdings for now. Combining that with the Market Value to Realized Value (MVRV) ratio provides an optimistic outlook. The MVRV ratio assesses investor profit and loss. Wordlcoin’s 30-day MVRV is at approximately -35%, which may lead to buying pressure.

Historically, MVRV between -10% and -20% usually signals the start of rallies for the altcoin, marking an opportunity zone for accumulation, leading to a surge in price. Worldcoin’s price is below the crucial support level of $3.00. The ongoing correction over the last month has resulted in over a 40% drop from almost $5.00.

If the WLD investors move to add more tokens to their holdings, the altcoin could take back $3.00 as support and possibly further push Worldcoin’s price back up to the $4.00 level. Breaching it would wipe out a significant portion of the investors’ losses. But, if WLD continues to decline, it could lose support at $2.50 and fall to $2.00. Slipping below this would invalidate the bullish thesis, resulting in extended losses.

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