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Worldcoin (WLD) holds the crypto community’s attention as it trends across multiple exchanges with a price increase of over 1.08% in the last 24 hours.
The WLD token is bullish today, with a trading price of $2.30 at 5:46 am EST. However, the price is 29.9% lower than its all-time high of $3.30 on July 24, increasing concerns of a potential downtrend.
WorldCoin (WLD) Trends On Exchanges Despite Bumpy Price Movement
Since its exchange launch, Worldcoin has experienced a fair share of bulls and bears. Over the past seven days, the asset has shown a significant increase of 15.2% but has failed to come close to its ATH.
Also, in the last 24 hours, the trading volume of WLD has decreased by 29.4%, suggesting a possible price fall. Analysts speculate the asset may likely be a pump-and-dump scheme.
But even at that, Worldcoin (WLD) ranked second among the top trending coins on the Binance exchange with over a 9% seven-day increase and a 1.08% 24-hour price gain.
Is WLD Dipping Today?
Despite WLD’s slight price increase in the last 24 hours, technical indicators suggest the token may face an additional price decline before the day ends.
The chart above shows the asset is dropping to the Lower Bollinger Bands, indicating negative market sentiment and increased selling pressure.
Its Relative Strength Index (RSI) is plunging from the neutral zone at 44.7, approaching the oversold region (below 30), a sign of decreased trading activity that could lead to lower prices for WLD.
WLD’s Moving Average Convergence/Divergence (MACD) is below the signal line with red histogram bars, confirming a bearish momentum on WLD as the bears press on.
The bears have formed bearish candlesticks between the Bollinger Bands as they attempt to facilitate more downtrends. WLD may witness a steep price decline if the bears persist in the next few hours.
Worldcoin Alternative Draws Attention
Wall Street Memes (WSM) is undoubtedly making waves in the crypto world, boosting the portfolio of meme coins. The project challenges the capitalist narrative by offering a more inclusive financial landscape for all investors, regardless of their economic status.
By embracing the power of humor, community drive, and widespread acceptance, the project has become a banner for small-time investors.
The native token, $WSM, has garnered significant attention from investors as it raises over $19 million, an inch closer to the presale hard cap of $19.9 million.
WSM Presales Shows Proof as Leading Meme Coin
The effect of optimistic forecasts and referral power has engineered the presale performance of this exciting meme coin. The asset is on a remarkable early success rally comparable to its predecessors.
The token is currently priced at $0.0325 but will climb to $0.0328 during its next stage, giving investors who buy now an edge in the latter price.
According to the project tokenomics, these presale stages will likely continue until the designated 80% liquidity for community rewards is exhausted.
Meanwhile, there is an airdrop for five lucky degens, where $50,000 worth of $WSM will be shared ongoing on the token’s website. The airdrop is open to active participants who complete specific tasks and are ready to be part of the community.
After the presale, WSM will be listed on multiple exchanges to increase accessibility for investors and expand its community and value.
Investors can connect their digital wallets to the token’s website to acquire WSM tokens and exchange ETH or USDT for WSM. Alternatively, they can directly purchase the tokens using a bank card.
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