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• Worldcoin experienced a significant double-digit price increase after its launch.
• The price of WLD has fluctuated between $1.91 and $3.58 in the past 24 hours.
• The market is closely monitoring WLD’s price movements and investor confidence post-launch.

The latest Worldcoin price analysis shows a negative outlook following the bearish trend in the past 24 hours. Despite this, WLD has decreased 34.64% over the last 24 hours, with its price reaching a high of $3.58 and a low of $1.91. This is most likely attributed to the launch of Worldcoin yesterday, which has seen a flurry of activity in the cryptocurrency market.

The launch of WLD was met with mixed reactions from investors and traders. While some were optimistic about the project’s potential, others were less enthusiastic and expressed concerns over its scalability and lack of liquidity. Nonetheless, Worldcoin has seen a considerable increase in price since its launch yesterday due to increased demand and investor confidence.

Worldcoin will likely experience price volatility in the coming days and weeks as investors attempt to determine its true worth. As more institutions begin to invest in WLD, we anticipate its price could rise even further if the demand continues. For now, however, traders should monitor WLD’s price movement and remain cautious of rapid price fluctuations.

The coin has been experiencing an up-and-down price cycle over the past few hours, with prices ranging from a low of $1.91 to a high of $3.58. The $3.58 level acts as an immediate resistance point for WLD, and if it is successfully breached, we could see further gains in the coming sessions. Support for WLD/USD is currently $1.91, which should be monitored closely in the near term.

Worldcoin’s market capitalization currently stands at $216,993,516, displaying a decrease of about 32.67% in the past 24 hours. The coin currently ranks 124 on CoinMarketCap’s list of cryptocurrencies and is trading at $2.02 as of this writing. The daily trading volume for WLD is currently around $605,257,163 and has increased 950% over the last 24 hours. The circulating supply of Worldcoin is currently 107,420,321 WLD representing 1% of the total supply.

The daily chart for WLD/USD shows that the pair is trading in a bearish trend forming a red candlestick pattern. This indicates that the price will drop soon if the selling pressure persists. However, the Relative Strength Index (RSI) is overbought territory and could result in a sell-off anytime soon.

In conclusion, Worldcoin has recorded a promising jump in its price following its launch yesterday. As more investors continue to flock to the coin, we could see further gains in its price and market capitalization. Visibility is key here, as traders should monitor the coin closely and remain aware of any sudden changes in the market.

Disclaimer: Cryptocurrency price is highly speculative and volatile and should not be considered financial advice. Past and current performance is not indicative of future results. Always research and consult with a financial advisor before making investment decisions.

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• Source: https://investorbites.com/worldcoin-wld-price-analysis-25-07/