Worldcoin ($WLD) Crypto Forecast: Down 5.7% Today

What is Worldcoin?

WLD, a cryptocurrency token, faced a significant decrease in value today. The cryptocurrency market as a whole has been turbulent, leading to price fluctuations in various tokens.

Why is Worldcoin going down?

WLD crypto is down 5.7% on Jun 30, 2024 19:05

• The decline in WLD's value could be linked to the general market sentiment, given the recent volatility in the crypto market.
• An upcoming $3 billion token unlock scheduled for July likely intensified selling pressure on WLD, contributing to its decline.
• Despite the bearish trend, there are signs of a possible recovery as indicated by the TD Sequential Buy Alert, hinting at a potential shift in momentum for WLD.
• Challenges with a bearish pennant pattern suggest resistance from buyers, but external events like VanEck's Solana ETF bid stirring market activity could foster positive sentiment for WLD in the near term.

WLD Price Chart

WLD News

Crypto market’s weekly winners and losers – MOG, KAS, PENDLE, WLD

Crypto market’s weekly winners and losers – MOG, KAS, PENDLE, WLD

https://ambcrypto.com/crypto-markets-weekly-winners-and-losers-mog-kas-pendle-wld/

Crypto Market Braces for $3 Billion Token Unlock Wave in July

Crypto Market Braces for $3 Billion Token Unlock Wave in July

https://beincrypto.com/july-major-token-unlocks/

Worldcoin (WLD) Price Eyes Rebound with TD Sequential Buy Alert

Worldcoin (WLD) Price Eyes Rebound with TD Sequential Buy Alert

https://coingape.com/worldcoin-wld-price-eyes-rebound-with-td-sequential-buy-alert/

Worldcoin Price Analysis: WLD Struggles with Bearish Pennant, Will Bulls Recover?

Worldcoin Price Analysis: WLD Struggles with Bearish Pennant, Will Bulls Recover?

https://sfctoday.com/worldcoin-price-analysis-wld-struggles-with-bearish-pennant-will-bulls-recover/

Crypto News Today: VanEck's Solana ETF Bid Ignites Market

Crypto News Today: VanEck's Solana ETF Bid Ignites Market

https://www.coingabbar.com/en/crypto-currency-news/crypto-news-today-vanecks-solana-etf-bid-ignites-market

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Worldcoin Price History

30.05.2024 - WLD Crypto was up 7.9%

• The bearish movement of WLD today can be attributed to the overall uncertainty and caution in the crypto market.
• The struggle with a bearish pennant indicates that sellers are in control, leading to a downward trend in WLD's price.
• Despite the negative movement, the news of Worldcoin's WorldID project arriving on Solana via Wormhole grant could potentially bring positive attention to the token in the future.
• The upcoming $3 billion token unlock wave in July may be adding to the selling pressure on WLD, contributing to the bearish sentiment in the market.

30.05.2024 - WLD Crypto was up 5.3%

• Despite a potential rebound signaled by the TD Sequential Buy Alert, WLD struggled with a bearish pennant, suggesting a lack of bullish momentum.
• The Solana ETF bid by VanEck causing market excitement possibly diverted attention and funds away from WLD, impacting its price negatively.
• The integration of World ID on Solana through a Wormhole grant might have shifted investor focus towards Solana, resulting in a sell-off of WLD tokens.
• General market sentiment towards cryptocurrencies could also have influenced WLD's bearish movement, with investors being cautious amid market volatility.

29.05.2024 - WLD Crypto was up 5.5%

• The bearish movement of WLD may be attributed to struggles with a bearish pennant.
• The arrival of Worldcoin's World ID on Solana via Wormhole grant and its integration on Solana could have initially sparked positive sentiment, but market conditions and technical factors may have outweighed this, leading to the bearish trend.
• The announcement of VanEck's Solana ETF bid igniting the market may have diverted attention and capital away from individual tokens like WLD, contributing to the downward pressure.
• Despite the upcoming launch of Worldcoin's World ID on Solana, investors may be adopting a cautious approach due to the current market sentiment and technical indicators affecting WLD's price action.

28.05.2024 - WLD Crypto was up 5.2%

• The bearish movement of WLD could be attributed to profit-taking by traders after a recent surge in price.
• The integration of Worldcoin's WorldID with Solana via Wormhole grant may have initially boosted investor sentiment, but the overall market sentiment may have shifted leading to the bearish movement.
• The launch of Rarimo's Worldcoin alternative, RariMe, could have diverted some attention and investment away from WLD, impacting its price negatively.
• Overall, the market movement of WLD today seems to be influenced by a combination of profit-taking, shifting market sentiment, and competition from new projects in the cryptocurrency space.

27.05.2024 - WLD Crypto was up 6.6%

• The bearish movement of WLD could be attributed to the overall negative sentiment in the cryptocurrency market due to the tumbles in crypto prices amid government actions in the US and Germany.
• The unlocking of a $58 billion token might have added to the market turmoil, impacting WLD negatively.
• Despite the bearish movement, the partnership between Worldcoin and Alchemy to launch World Chain could potentially bring positive developments in the future for WLD.
• The conclusion of the investigation in Kenya regarding Worldcoin might have also influenced market sentiment, contributing to the bearish movement of WLD.

26.05.2024 - WLD Crypto was up 5.1%

• The bearish movement of WLD today can be attributed to the $58 billion token unlocks that triggered turmoil in the altcoin market, leading to a sell-off of WLD.
• Despite the bearish movement, market optimism for WLD remains strong as indicated by the derivatives activity being down but with potential rebound shown by the oversold RSI.
• The partnership with Alchemy to launch World Chain shows promising developments for WLD in the long term, despite the short-term market fluctuations.
• The conclusion of the investigation in Kenya might have also impacted WLD's market movement, with investors reacting to the news in a cautious manner.

25.05.2024 - WLD Crypto was up 5.3%

• A significant unlocking of the $58 billion token resulted in market turbulence for altcoins initially, but oversold RSI indicator hinted at a potential rebound for WLD.
• The resolution of the investigation in Kenya likely reassured investors and brought clarity, contributing to the positive market sentiment for WLD.
• Despite a decline in derivatives activity, overall market confidence in Worldcoin remained robust, reflecting belief in the token's future growth.
• The price surge in WLD, influenced by developments in Ecuador and Kenya, emphasizes the impact of global partnerships on driving the token's value higher.

24.05.2024 - WLD Crypto was up 5.8%

• Positive updates from Ecuador and Kenya boosted WLD but it faced significant bearish movement today.
• Investor worries possibly stemmed from the investigation outcome in Kenya, resulting in a sell-off.
• The oversold signal from the RSI suggests a possible short-term recovery soon.
• External factors, like regulatory challenges, have a notable influence on cryptocurrency market shifts despite advancements in specific areas.

24.05.2024 - WLD Crypto was up 8.0%

• A surge in Worldcoin's value from recent partnerships with Ecuador and Kenya may have prompted overbuying, leading to a correction in its price during today's trading session.
• The RSI signal of oversold conditions could indicate that investors are capitalizing on profits following a recent price surge.
• The current market trend focusing on AI cryptos and increased ETF filings supporting other altcoins may have steered attention and investment away from Worldcoin, contributing to its bearish movement.

23.05.2024 - WLD Crypto was up 5.2%

• Despite a surge in Worldcoin due to support from countries like Ecuador and Kenya, WLD experienced a bearish trend.
• The focus on the top 10 AI cryptos and the arrival of Worldcoin in Ecuador might have initially boosted investor sentiment but was not enough to sustain WLD's bullish momentum.
• The filing of Hashdex's ETF boosting altcoins and a Shiba Inu whale withdrawing a significant amount from Robinhood could have shifted investor attention away from WLD, contributing to its bearish movement.
• Overall, while positive developments in the cryptocurrency market were noted, external factors and market dynamics likely played a role in WLD's bearish performance today.

21.05.2024 - WLD Crypto was up 5.4%

• Worldcoin (WLD) rose by more than 15% in a single day, reaching $3, surpassing popular cryptocurrencies like Bitcoin and Ethereum.
• The positive market sentiment towards Worldcoin (WLD) and tokens like CORE contributed to its price surge.
• Support from Kenyan authorities provided an additional boost to Worldcoin (WLD)'s gains, setting it apart from the stagnant performance of Bitcoin, Ethereum, and Dogecoin.
• While the collaboration between Konami and Avalanche to introduce an NFT platform did not directly impact Worldcoin's upward trend, it added to the optimistic atmosphere in the cryptocurrency market.

21.05.2024 - WLD Crypto was up 5.6%

• Worldcoin (WLD) surged 12% following its expansion into Ecuador and the resolution of a regulatory issue in Kenya.
• The positive developments in Ecuador and the resolution in Kenya boosted Worldcoin's momentum.
• The partnership with Avalanche for the Resella NFT platform is viewed as a favorable development driving Worldcoin's price increase.
• Despite Bitcoin and Ethereum trading sideways, Worldcoin's price surge was driven by its recent positive news.