Recently, some concerns have been raised among analysts about a controversial altcoin that has seen a massive rise. One of these analysts, Altcoin Sherpa, warned that the altcoin in question could experience a significant decline from its current value. Here are the details…
The analyst we know with the nickname Altcoin Sherpa predicts that Worldcoin (WLD) may fall by 34%. told.
“WLD: I was long on this but I think it looks tired. I am not currently trading in this altcoin, but if you are in a long position, you may consider closing the position soon.
I think ultimately it’s going to be below $1 in the long run, and that’s going to continue all the way down. “Still, there could be a small bounce to $1.50.”
Looking at the chart, Worldcoin’s price appears to be in a downward trend and could possibly retest the 200-day moving average (SMA) level in the $1.50 range. This could be a warning sign for WLD’s future price movements.
In mid-September, Worldcoin’s value dropped to as low as $0.978. However, on September 28, it rose to $1.88, an increase of 92%. As of now, WLD is trading around $1.50. In light of these fluctuations, Altcoin Sherpa’s analysis attracted attention in the market.
Trader also revealed that Solana (SOL) is also on his radar. Altcoin Sherpa is watching closely to see if SOL can break a critical resistance level.
“LEFT: This upcoming area is a very important area. $26 has been a key zone for S/R (support/resistance). Honestly, I think this would be a good buy and hold for more than six months, probably one of the few coins you can invest in.
As for trading? Personally, I wouldn’t buy it until it breaks $26.”
You can follow the current price movement here.