The coin has surged 90% from a recent low but has struggled to break the $3 resistance level.
Large holders have accumulated significant amounts, potentially influencing price trends.
Worldcoin (WLD) has been one of the most talked-about new cryptocurrencies in recent months. The present price has been on the upward trend for the past two weeks; however, the sellers have recently put the price under some pressure. At the time of writing, WLD was selling at $2.35, which is 3.58% down on the last day. This comes at a time when trading volumes have been on the rise due to the adoption of new technology, which has, in turn, given investors confidence.
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Worldcoin Rebounds Sharply, Triggering Short Liquidations
Worldcoin has seen a significant recovery in recent days, rising by 90% from a recent low of $1.72. This caused many short liquidations as traders who were expecting the price to drop further were caught in a short squeeze.
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Is The XRP Price Mirroring The 2017 Rally? Analyst Points Out Similarities
[[{„value”:” Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run,…