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Worldcoin (WLD) Price Analysis for August 5

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Sat, 5/08/2023 - 18:00
Worldcoin (WLD) Price Analysis for August 5
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Most of the coins have started the weekend with a decline, according to CoinMarketCap's ranking.

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Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

WLD/USD

The rate of Worldcoin (WLD) has declined by 6% since yesterday.

WLD/USD chart by TradingView

Image by TradingView

On the local chart, the rate of Worldcoin (WLD) is also looking bearish as the rate is approaching the support at $2.10. If the bar closes around that mark, there is a chance to see a breakout followed by a blast to the $2.06-$2.08 zone tomorrow.

WLD/USD chart by TradingView

Image by TradingView

On the daily time frame, the rate is about to test the support level at $2.066.

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At the moment, there are no reversal signals yet, which means closure below the important zone of $2 can be a prerequisite for an ongoing decline to the next level at $1.85.

WLD/BTC chart by TradingView

Image by TradingView

A similar situation is on the daily chart against Bitcoin (BTC). If buyers cannot shortly seize the initiative, the decline may lead to a test of the support level at 0.00007080 soon.

WLD is trading at $2.129 at press time.

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