[Crypto World] WLD has been struggling lately. The price is stuck at $0.58, down 7.2% over the past week.
What’s even more concerning is the on-chain activity—the project team just moved 44 million tokens ( worth $25.6 million ) to two new addresses. You know what that usually means; it’s likely they’re preparing to send them to exchanges, and a dump often comes right after such moves.
The technicals don’t look good either. The buy-sell order difference is -850,000, with sellers clearly dominating. The stochastic momentum index has dropped to -37, showing momentum is nearly exhausted.
Now it’s all about whether the $0.55 support can hold. If it breaks, the next stop could be $0.50. A quick rebound in the short term? Unlikely.
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On-chain anomalies of WLD spark speculation: $0.55 support level in jeopardy
[Crypto World] WLD has been struggling lately. The price is stuck at $0.58, down 7.2% over the past week.
What’s even more concerning is the on-chain activity—the project team just moved 44 million tokens ( worth $25.6 million ) to two new addresses. You know what that usually means; it’s likely they’re preparing to send them to exchanges, and a dump often comes right after such moves.
The technicals don’t look good either. The buy-sell order difference is -850,000, with sellers clearly dominating. The stochastic momentum index has dropped to -37, showing momentum is nearly exhausted.
Now it’s all about whether the $0.55 support can hold. If it breaks, the next stop could be $0.50. A quick rebound in the short term? Unlikely.