Worldcoin: Potential Dip to $0.83, Recovery to $1.24 Expected
I see Worldcoin facing near-term bearish pressure that could push the price down toward the $0.83 support level.
Technical indicators and recent price action suggest a potential recovery to the $1.24 resistance within 4–6 weeks if $0.83 holds.
I would watch for weakness into that support as a potential buying opportunity while managing risk if the level fails.
Analysis
Price action indicates a corrective move toward $0.83 with momentum turning neutral-to-bullish if support holds; failure below $0.83 would invalidate the recovery scenario and increase downside risk.
Recommendation
Buy on weakness near $0.83 with disciplined risk controls; otherwise wait for confirmation of a reversal before initiating new positions.
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.