Worldcoin Faces Bearish Outlook Amid Technical Indicators
- Trading Volatility Analysis: Worldcoin (WLD) has risen 5.78% in the last 24 hours amidst increased market volatility, currently trading at $0.266258, significantly down from its all-time high of $11.78 on March 10, indicating a predominantly negative market sentiment.
- Technical Indicator Signals: Recent technical analysis reveals that 23 indicators suggest bearish signals while only 7 indicate bullish trends, highlighting a continued negative sentiment in the short term, with forecasts predicting a further decline of 23.31% to $0.202415 within the next five days.
- Market Sentiment and Risks: The Fear & Greed index stands at 17, classified as Extreme Fear, reflecting cautious investor sentiment; while potential buying opportunities may arise, the overall market environment remains uncertain, potentially leading to further price declines.
- Support and Resistance Levels: Analysts identify key support levels at $0.250535, $0.229615, and $0.218067, with resistance at $0.283003, $0.294550, and $0.315471, emphasizing the need for traders to closely monitor these levels in response to market fluctuations.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 64941.989 | 67703.995 | 70513.989 | 73275.995 | 76085.989 | 78847.995 | 81657.989 |
| Fibonacci | 67703.995 | 69832.499 | 71147.491 | 73275.995 | 75404.499 | 76719.491 | 78847.995 |
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