Worldcoin (WLD) Drops 7% Raising Bear Trap Concerns

Worldcoin (WLD) Drops 7% Raising Bear Trap Concerns
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Market cap stands at $945.5M with a 26.65% decrease in volume.
Technical analysis shows support at $1.77 and resistance at $2.
Worldcoin (WLD) is currently trading at $1.84, experiencing a 6.87% drop in the last 24 hours. The market cap of WLD stands at $945,494,823, reflecting a 6.27% decrease, positioning it at #69 in the cryptocurrency rankings. 
The 24-hour trading volume has seen a significant drop of 26.65%, totaling $190,099,652. This indicates a volume-to-market cap ratio of 20.10%, suggesting active trading despite the decline. Worldcoin has a circulating supply of 514,995,944 WLD tokens, with a total supply of 10 billion tokens, giving it a fully diluted market cap of $18.36 billion.
Alameda Research’s recent deposit of $265K worth of WLD tokens to Binance continues to weigh on the market. Sell-offs by Alameda over the last two months have created additional pressure, limiting Worldcoin’s recovery. Despite this, analysts suggest that if WLD can hold its supp

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We współpracy z: https://thenewscrypto.com/worldcoin-wld-drops-7-raising-bear-trap-concerns/

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