{"id":651061,"date":"2024-11-01T20:00:57","date_gmt":"2024-11-01T20:00:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651061"},"modified":"2024-11-01T12:12:57","modified_gmt":"2024-11-01T12:12:57","slug":"worldcoin-rejection-faces-at-2-1","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/worldcoin\/worldcoin-rejection-faces-at-2-1\/","title":{"rendered":"Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend"},"content":{"rendered":"

Worldcoin<\/span><\/a>\u2019s recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure, leaving investors to question if a prolonged downtrend may be unfolding. The $2.15 mark has become a key battleground, with sellers pushing prices lower each time buyers attempt a breakout. As Worldcoin struggles to regain <\/span>upward momentum<\/span>, the risk of further declines grows, signaling potential challenges ahead.<\/span><\/p>\n

This article aims to explore the implications of Worldcoin\u2019s recent struggle at the $2.1 resistance level and evaluate whether it could signal an extended downtrend. Through an analysis of technical indicators and current <\/span>market<\/span><\/a> dynamics, we\u2019ll assess the possible risks and opportunities for Worldcoin, offering traders insights into what may lie ahead for the token\u2019s price movement.<\/span><\/p>\n

Technical Indicators Signal Potential For Extended Downtrend<\/h2>\n

On the 4-hour chart, WLD\u2019s price is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $1.27 support level. A continued descent toward the $1.27 support suggests that selling pressure is building, and if the support fails to hold, Worldcoin could experience more <\/span>declines<\/span><\/a>.<\/span><\/p>\n

\"Worldcoin\"
WRLD falls below the 100-day SMA as it heads toward $1.27 | Source: WLDUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Also, the 4-hour Composite Trend Oscillator for WLD is showing bearish signals, with the SMA line crossing below the signal lines and approaching the oversold zone, suggesting that sellers are becoming more dominant. As the indicator nears oversold territory, it reflects heightened selling pressure, raising the potential for a downtrend.<\/span><\/p>\n

Related Reading: Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead?<\/a><\/div>\n

On the daily chart, Worldcoin is exhibiting strong downward momentum, characterized by a bearish candlestick pattern following a failed attempt to break through the resistance at $2.15,\u00a0 indicating increased selling pressure and that the asset may continue to drop.<\/span><\/p>\n

\"Worldcoin\"
Worldcoin struggles after failing to break above $2.15 | Source: WLDUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Additionally, WLD is currently facing challenges as it attempts to drop below the 100-day SMA, a key indicator that typically signals a pessimistic trend when breached. If WLD manages to close below this level, it could further confirm the negative <\/span>sentiment<\/span><\/a> in the market, potentially leading to additional selling and a sustained downturn.<\/span><\/p>\n

A detailed analysis of the 1-day Composite Trend Oscillator shows that WLD is likely facing extended losses. The signal line has crossed below the SMA line and is trending downward toward the zero line, indicating a negative shift in momentum. Should the downward trend persist, Worldcoin could encounter significant difficulties in recovering, resulting in a prolonged period of waning price movement.<\/span><\/p>\n

Worldcoin Price Outlook: Will Bears Maintain Control?<\/h2>\n

As Worldcoin encounters heightened downside pressure after being rejected at the $2.15 resistance level, key support zones become crucial to monitor. If bears continue to assert control, they may <\/span>push<\/span> the price down to the $1.27 support level.<\/span><\/p>\n

Related Reading: Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher?<\/a><\/div>\n

A breakdown below this level could lead to further losses, possibly testing other support levels and intensifying pessimistic sentiment in the market. Conversely, if support holds, it may restore confidence among buyers and create an opportunity for a <\/span>price recovery<\/span><\/a>.<\/span><\/p>\n

\"Worldcoin\"
WLD trading at $1.9 on the 1D chart | Source: WLDUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from YouTube, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Worldcoin\u2019s recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure, leaving investors to question if a prolonged downtrend may be unfolding. The $2.15 mark has become a key battleground, with sellers pushing prices lower each time buyers attempt a breakout. As Worldcoin struggles to regain upward momentum, the risk of further declines grows, signaling potential challenges ahead. This article aims to explore the implications of Worldcoin\u2019s recent struggle at the $2.1 resistance level and evaluate whether it could signal an extended downtrend. Through an analysis of technical indicators and current market dynamics, we\u2019ll assess the possible risks and opportunities for Worldcoin, offering traders insights into what may lie ahead for the token\u2019s price movement. Technical Indicators Signal Potential For Extended Downtrend On the 4-hour chart, WLD\u2019s price is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $1.27 support level. A continued descent toward the $1.27 support suggests that selling pressure is building, and if the support fails to hold, Worldcoin could experience more declines. Also, the 4-hour Composite Trend Oscillator for WLD is showing bearish signals, with the SMA line crossing below the signal lines and approaching the oversold zone, suggesting that sellers are becoming more dominant. As the indicator nears oversold territory, it reflects heightened selling pressure, raising the potential for a downtrend. Related Reading: Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead? On the daily chart, Worldcoin is exhibiting strong downward momentum, characterized by a bearish candlestick pattern following a failed attempt to break through the resistance at $2.15,\u00a0 indicating increased selling pressure and that the asset may continue to drop. Additionally, WLD is currently facing challenges as it attempts to drop below the 100-day SMA, a key indicator that typically signals a pessimistic trend when breached. If WLD manages to close below this level, it could further confirm the negative sentiment in the market, potentially leading to additional selling and a sustained downturn. A detailed analysis of the 1-day Composite Trend Oscillator shows that WLD is likely facing extended losses. The signal line has crossed below the SMA line and is trending downward toward the zero line, indicating a negative shift in momentum. Should the downward trend persist, Worldcoin could encounter significant difficulties in recovering, resulting in a prolonged period of waning price movement. Worldcoin Price Outlook: Will Bears Maintain Control? As Worldcoin encounters heightened downside pressure after being rejected at the $2.15 resistance level, key support zones become crucial to monitor. If bears continue to assert control, they may push the price down to the $1.27 support level. Related Reading: Worldcoin Soars 31%: Will Network Upgrades Push WLD Price Higher? A breakdown below this level could lead to further losses, possibly testing other support levels and intensifying pessimistic sentiment in the market. Conversely, if support holds, it may restore confidence among buyers and create an opportunity for a price recovery. Featured image from YouTube, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":651064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92153],"tags":[92933,91599,85676,88685,89102,88730,83778],"class_list":["post-651061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worldcoin","tag-composite-trend-oscilator","tag-simple-moving-average","tag-sma","tag-wld","tag-wldusd","tag-wldusdt","tag-worldcoin"],"acf":[],"yoast_head":"\nWorldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend<\/title>\n<meta name=\"description\" content=\"Worldcoin recent failure to breach the $2.15 resistance level has put the token under renewed bearish pressure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/uniquehot.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend","url":"http:\/\/uniquehot.com\/worldcoin\/worldcoin-rejection-faces-at-2-1\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/worldcoin\/worldcoin-rejection-faces-at-2-1\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Worldcoin-from-YouTube.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Worldcoin-from-YouTube.jpg?fit=1280%2C720"},"articleSection":"Worldcoin","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["composite trend oscilator","simple moving average","sma","wld","wldusd","wldusdt","worldcoin"],"dateCreated":"2024-11-01T20:00:57Z","datePublished":"2024-11-01T20:00:57Z","dateModified":"2024-11-01T20:00:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/worldcoin\\\/worldcoin-rejection-faces-at-2-1\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/worldcoin\\\/worldcoin-rejection-faces-at-2-1\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Worldcoin-from-YouTube.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/Worldcoin-from-YouTube.jpg?fit=1280%2C720\"},\"articleSection\":\"Worldcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"composite trend oscilator\",\"simple moving average\",\"sma\",\"wld\",\"wldusd\",\"wldusdt\",\"worldcoin\"],\"dateCreated\":\"2024-11-01T20:00:57Z\",\"datePublished\":\"2024-11-01T20:00:57Z\",\"dateModified\":\"2024-11-01T20:00:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/Worldcoin-from-YouTube.jpg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=651061"}],"version-history":[{"count":2,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651061\/revisions"}],"predecessor-version":[{"id":651095,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651061\/revisions\/651095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/651064"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=651061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=651061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=651061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}