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Worldcoin Token Price Falls Despite Panama Expansion News

Worldcoin Token Price Falls Despite Panama Expansion News

HappyCoinNewsHappyCoinNews2024/11/28 07:33
By:HappyCoinNews

The Worldcoin (WLD) token rate fell simultaneously with the announcement by its development team that the crypto project would begin operating in Panama on November 27.

Worldcoin Token Price Falls Despite Panama Expansion News image 0

Despite the news of further expansion of the Worldcoin project, the market reaction was negative. Over the past 24 hours, the value of the WLD token fell by 6,11%, later it recovered slightly to $2,37. The market capitalization of the asset fell to $1,65 billion, which is 5,47% less than the day before. Trading volume also decreased by 35,46% to $533,21 million.

This decline indicates a decrease in market activity and a decrease in investor interest in the crypto project. The current circulating supply of tokens is 699,27 million WLD.

Worldcoin Token Price Falls Despite Panama Expansion News image 1

WLD Course

The 24-hour price chart of WLD shows a steady decline, starting from a daily high of $2,5131. At the same time, technical indicators give an ambiguous picture of the token’s rate dynamics. MACD shows bullish signs, as its line is above the signal level. The relative strength index (RSI) is at 55, which indicates a neutral to slightly bullish sentiment, as it remains between the overbought and oversold zones.

Crypto analyst Ali has identified the lower boundary of a head and shoulders pattern on the chart, indicating a potential price reversal. The pattern consists of a head at $1,28 and symmetrical shoulders at around $2,18. This structure often signals a bullish trend.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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