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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

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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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