Worldcoin: Eyeing $0.83 Support, Rebound to $1.24 Expected
I see WLD under renewed bearish pressure toward the $0.83 structural support level.
Technical indicators point to a likely rebound, with a potential recovery toward $1.24 within the next 4–6 weeks if support holds.
I would look to accumulate on weakness near $0.83 and wait for confirmation of a trend reversal before increasing exposure.
Analysis
WLD risks a pullback to $0.83 but key indicators (momentum and support tests) imply a rebound to $1.24 over a 4–6 week horizon if support holds and reversal signals appear.
Recommendation
Prefer buying on weakness around $0.83 with a stop below that support and targets near $1.24; wait for confirmation of buying momentum before adding size.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.