Worldcoin (WLD) price jumps, trend reversal soon?

The price of Worldcoin (WLD) has increased by 25.08% in the last week, but most holders are still facing losses. About 65% of investors bought at prices above the recent rise, leaving only a quarter of holders profitable. The Historical Break-Even Price chart shows that many holders are still underwater, which could cause them to shy away from selling in anticipation of further gains.

This scenario could limit selling pressure and potentially lead to a more favorable price outlook for WLD. However, technical indicators such as the BBTrend suggest that the bullish momentum may be weakening, pointing to the possibility of a trend reversal.

The majority of WLD holders still face losses

Despite WLD’s 25.08% price increase in the last seven days, about 65% of holders are still facing losses. This suggests that the majority of WLD investors purchased their tokens at prices above the recent surge.

The Historical Break-Even Price chart provides valuable insight into this. It shows where most holders bought and indicates whether they are at profit, break-even or loss. Currently, only 25% of holders are profitable, while around 10% are breaking even, leaving a significant proportion still in the red.

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This scenario suggests that many of those currently posting losses may not be ready to sell and are anticipating further gains. If this mindset continues, the likelihood of a significant sell-off could diminish and selling pressure may ease.

This could lead to a more favorable outlook for the WLD price as limited sales combined with stable or increasing demand could drive prices higher.

Worldcoin BBTrend shows that the uptrend may be weakening

The BBTrend indicator is currently showing a value of -0.5, which suggests that the momentum in WLD price is weakening and may be moving into bearish territory. BBTrend or Bollinger Bands Trend is a technical indicator used to assess the strength and direction of a trend by measuring how far the price moves relative to the Bollinger Bands.

Positive values ​​indicate an upward trend, while negative values ​​reflect a downward trend, with larger absolute numbers representing stronger trends.

Although WLD is in a strong uptrend, this chart suggests that the bullish momentum may be weakening. On October 9th, the BBTrend peaked at 14, reflecting strong buying pressure, but since October 11th the values ​​have fallen sharply, remaining below 2.5 and now even turning negative.

This suggests that the strength of the uptrend is weakening and a reversal or further consolidation may be imminent. The reduced BBTrend value is a sign that the market may be overextended and the uptrend may be losing momentum.

WLD price prediction: Will the uptrend continue?

WLD appears extremely bullish at the moment as all short-term EMA lines are well above the long-term ones and there are large gaps between these moving averages. This alignment signals strong bullish momentum and hype for artificial intelligence coins.

EMA lines or exponential moving averages are tools traders use to smooth price data. They give more weight to recent movements to better highlight current trends. With the short-term EMAs well above the long-term ones, buying pressure dominates, keeping WLD in a solid uptrend.

Read more: Worldcoin (WLD) price prediction 2024/2025/2030

If WLD continues its uptrend, it could soon test the resistance level at $2.47. Should it manage to break through this resistance, WLD has the potential to reach $3.2, which would be its highest price since July – an impressive 37% increase from current levels.

However, caution is advised because the BBTrend indicator shows that the trend could reverse at any time. If a reversal occurs, WLD price could fall to test the support at $2.24. If this level is not held, it could fall further and potentially reach $1.72 or even $1.51, indicating significant downside risk if the bullish momentum fades.