Cryptocurrency
Worldcoin Price Analysis and Potential Recovery
Wednesday. July 10 at 5:00 AM
1 min. readWorldcoin's (WLD) price may be on the path to recovery as investors accumulate, despite potential losses. On-chain indicators suggest a bullish outcome if growth continues. The recent price drop saw WLD lose support at $2, with around 530 million WLD close to unprofitability. Investors purchased this supply between $1.71 and $1.93, with the current price at $1.83 testing the $1.76 support. To bounce back, increased demand is necessary, as the altcoin is undervalued. The MVRV ratio indicates an opportunity for accumulation, with a 30-day MVRV of -37% signaling potential buying pressure. Historically, MVRV levels between -11% and -37% have led to recoveries. If WLD breaches $2, a rise to $3 is possible; failure could see a drop to $1.50. This analysis serves for informational purposes only, urging readers to conduct their own research and seek professional advice before making financial decisions.