Worldcoin has recently experienced an 18% drop in price, but despite this decline, the large investors (whale) are accumulating significant amounts of WLD, the financial asset linked to this project.
This phenomenon, although paradoxical, paves the way for a reflection on the future of the token and on the market dynamics that are taking shape.
Summary
The decline of WorldCoin (WLD) price and the behavior of the whale
In the last seven days, WLD has lost almost a fifth of its value, dropping to a price of about 0.93 dollars. This level still represents a significant bull of 61% compared to the historical bear recorded in April.
However, the real news is that, right at the time of this drop, two “whale” portfolios withdrew over 18 million WLD, equivalent to about 17 million dollars.
This activity indicates that the large holders have taken the opportunity to purchase the token at reduced prices.
As a result, despite the general negative trend, a support base could form that stabilizes WLD in the coming days. However, a significant bear pressure still persists.
A crucial element for understanding the potential trend of Worldcoin is the Chaikin Money Flow (CMF) indicator, which currently signals a net outflow of capital from the asset.
This means that more money is leaving the market than entering, maintaining a bear pressure on the price of WLD.
In parallel, on-chain analysis reveals that a considerable number of purchase addresses are at a loss around $0.97.
This area creates a sort of barrier, as holders might decide to sell to limit losses, thus generating a supply zone that makes a rapid price recovery difficult.
From a technical standpoint, WLD is experiencing a pattern defined as a descending triangle. This pattern is typically associated with bear pressure, with a key support identified around 0.93 dollars.
While indicating a possible oversold condition through the Relative Strength Index (RSI) indicator, the persistent outflow of capital could delay a significant trend reversal.
Technical Analysis: The Price Outlook for Worldcoin
If the selling pressure persists, the price of Worldcoin could slide further towards the threshold of 0.84 dollars.
On the contrary, an increase in demand, especially from the large whales, could push WLD to attempt a recovery towards the next resistance level at 1.28 dollars, based on Fibonacci levels.
The massive purchase by large investors suggests a medium to long-term confidence in the potential of Worldcoin. The whales, in fact, often use the bear phase to strengthen their positions, expecting a potential future rebound.
This attitude creates a dual effect:
- Stabilization of the price thanks to substantial purchasing;
- Resistance zone resulting from the presence of numerous losing positions against which panic selling may be triggered.
As a result, the market could experience phases of high volatility, with unpredictable swings until a clear breakout signal occurs or there is a significant increase in demand.
In this complex context, those who want to enter the WLD market should take into account the current on-chain and technical dynamics.
The accumulation by the whale represents a clear indication that the current price is perceived as advantageous. However, the bear pressure and possible resistance points indicate the need to closely monitor the evolution of the demand and supply field.
Furthermore, the situation highlights the importance of considering support and resistance levels as guides to define entry or exit strategies from the market.
The holding of the support at 0.93 dollars will be crucial to determine if Worldcoin will manage to consolidate or if, instead, there will be a further bear phase towards 0.84 dollars.
Impact of Worldcoin on the Crypto Market and Possible Developments
The behavior of the whale highlights a recurring phenomenon in the cryptocurrency market: the discrepancy between price and confidence of large-scale investors.
The latter often anticipate reversals or significant movements, taking advantage of correction moments to position themselves.
As a result, the world of financial assets linked to cryptocurrencies like WLD remains highly dynamic and influenced by underground forces that simple short-term technical analysis does not always fully capture.
The combination of on-chain data, technical analysis, and institutional investors’ behavior thus becomes essential to follow the evolution of Worldcoin and identify potential investment opportunities.
Despite the price drop and the evident bear pressures, the growth in the purchase of Worldcoin by whales would indicate a consistent support base.
However, for a true recovery, a more robust increase in demand and an easing of selling pressure will be necessary.
Investors interested in WLD are advised to closely follow on-chain indicators and key price levels, as well as consider the moves of the whales as important signals.
Consequently, maintaining a flexible strategy based on concrete data is essential to make the most of future fluctuations of this financial asset.