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WLD has recently experienced a significant change in trading volume, with a 25.3% increase in trading turnover on a 30-minute basis. The current trading price is fluctuating around 0.5772 USDT.
From a technical perspective, the price is approaching a key support zone. 0.5757 is an important support level on the 1-hour chart, only 0.05% away from the current price. The support zone is distributed between 0.5722 and 0.5757. A sharp increase in volume often indicates increased market participation and may signal the start of a new trend.
From a trading standpoint, consider placing buy orders near 0.5757, as this is a good entry point. The resistance level above is at 0.5914, which is a relatively reasonable take-profit target. Of course, it is also important to closely monitor the subsequent movement of WLD, especially whether the trading volume can continue to stay high, as this directly affects the sustainability of the rebound.