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The Worldcoin price plunged over 8% in the last 24 hours to trade at $2.63 as of 12:00 a.m. EST as investors dump their holdings in the AI crypto.
Despite the retracement in the last 24 hours, the WLD price is still well in the green by more than 44% on the weekly timeframe.
The Worldcoin Price Trapped In A Bearish Channel
4-hour chart for WLD/USD (Source: GeckoTerminal)
The Worldcoin price printed a series of lower lows and lower highs on the 4-hour chart throughout the past 48 hours, resulting in the formation of a negative channel. As a result, the crypto is now resting on the critical support level at $2.5847. A drop below this price point could lead to WLD plunging to the subsequent mark at $2.1385.
On the other hand, the Worldcoin price closing the next three 4-hour candles higher than $2.5847 might invalidate the bearish thesis. In this alternative scenario, the altcoin will likely attempt to break out above the descending price channel that has emerged on its 4-hour chart.
Escaping the channel could then give the Worldcoin price the foundation needed to attempt to flip the $2.9152 resistance level into support. Thereafter, continued buy pressure might result in WLD climbing to as high as $3.2292 in the short term.
Technicals Warn The Worldcoin Price Could Keep Falling
Technical indicators on WLD’s 4-hour chart warn the Worldcoin price could keep falling in the next 24 hours. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators suggest bears are growing stronger against bulls.
Over the last 24 hours, RSI readings have dropped from the mid-60s to around 53. Although the current RSI reading is above the key 50 benchmark, the negative slope of the RSI line signals that the indicator’s value might soon drop to under this point.
Meanwhile, the MACD line crossed below the MACD Signal line throughout the past day of trading. Traders usually see this technical event as an indication that a crypto has entered a short-term negative trend. WIth the MACD line breaking away below the MACD Signal line, it seems the bearish momentum is intensifying as well.
With the Worldcoin price still at risk, investors could consider AI meme coin WienerAI (WAI), which is one of the most successful presales of the year after raising more than $7 million. The project is now offering a last chance to buy before listing.
A Trader’s Best Friend
WienerAI (WAI) is the latest dog-themed crypto looking to make its mark in the growing meme coin space. What sets the project apart from big names like Shiba Inu (SHIB), Dogecoin (DOGE), and Dogwifhat (WIF) is its high levels of utility enabled through powerful AI.
With predictive models that have been fine-tuned to analyze the crypto markets, WienerAI aims to become a loyal companion for crypto traders. Its ability to take in heaps of data to uncover hidden insights allows WienerAI to assist traders and investors make more informed decisions in the highly-volatile crypto markets.
What’s more, the project goes above and beyond for its users by also offering a seamless token swap solution and MEV protection. As such, WienerAI can not only identify scalp opportunities for traders, it can also facilitate the quick execution of orders as well.
WienerAI’s ability to identify and facilitate trades has caught the eye of renowned YouTuber ClayBro. In a recent video, he shared that he is bullish on the meme coin and urged his viewers to ”get greedy” with WAI purchases.
Time Is Running Out For Investors To Buy WAI At ICO Prices
Investors have sent more than $7 million to WAI’s presale, signaling strong confidence in the project’s future. One of the drivers behind its success is a staking program that offers an annual return of 149%.
To acquire the token, investors can make use of the simple buy widget embedded on the project’s website.
Ready to join the sausage mission? 🌭🚀 pic.twitter.com/J7uNnXBuBw
— WienerAI (@WienerDogAI) July 18, 2024
Selling for $0.00073, WAI can be bought using either ETH, BNB, USDT or bank card. Once purchased, the WAI tokens can be staked for the high APY. There are now just 12 days left to buy WAI before its presale ends.
Purchase and stake WAI here for the 149% APY before its ICO ends.
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