- Smart Dex traders and whales sold Worldcoin at an average price of $3.85.
- If this order holds, WLD may change direction to reverse recent losses.
Smart DEX traders and whales sold Worldcoin (WLD) at an average price of $3.85. The Smart DEX trader’s sale occurred at $3.8 and the whale sold at $3.9, indicating a potential profit-making step.
There has been a notable lack of substantial buying activity following this sell-off, suggesting traders are taking a cautious approach. After the sell-off, only a few have started to accumulate again, suggesting divided feelings about the medium-term investment potential.
Currently at $2.4, investors appear to be taking a wait-and-see approach.
Source: iCryptoAI/X
The lack of immediate buying after significant selling suggested the possibility of further price declines or consolidation from these levels. If WLD stabilizes or shows signs of strength, it could attract buyers again.
However, given the recent selling off of major players, Worldcoin traders or investors would be wise to carefully watch the market reaction in the near term.
This close could shed light on the direction the price of WLD will take following the withdrawal of Smart DEX traders and whales.
WLD’s price movements and predictions
Analysis of the WLD/USDT pair shows an extension of the downward trend throughout the second half of 2024. The decline was halted by the $1.50 level, which transitioned from resistance to support.
WLD rose from $1.50 to $4 before falling into a $2.41 order block, with Smart DEX and whales taking profits near the high. If the order block holds, WLD may change direction to reverse recent losses.
MACD showed the potential for a momentum shift as the histogram shortened in bearish territory, suggesting declining bearish momentum.
Source: TradingView
Additionally, WLD has tested this support multiple times, indicating ongoing interest from buyers at this level. If the order block support at $2.41 remains intact, WLD could challenge levels above $4 in the near term.
A successful break above the $6.01 level could lead to a retest of higher resistance at $9.519, which could mark a potential bullish phase for WLD in early 2025.
Funds in/out around current price
WLD’s profitability relative to its current price makes for a clear investor stance.
At $2.41, 66.51% of the addresses are ‘current’, indicating a potential level of support as these holders are profitable. In contrast, 31.28% of addresses are ‘Out of the Money’, reflecting unprofitable positions.
If the price of WLD rises, the majority of ‘cash’ can provide a stabilizing effect.
Source: IntoTheBlock
Conversely, resistance may materialize near the upper price point where holders are still at a loss, potentially limiting profits.
Realistic or not, the following is WLD market cap based on BTC
Realistic or not, the following is WLD market cap based on BTC
This distribution of profitable and unprofitable positions can affect WLD’s price movements in the short term, as holders’ reactions to the break-even point shape market dynamics.