Summary
TLDR: Worldcoin (WLD) may experience price stability as investors evaluate the market’s trajectory. While the number of holders is growing, almost 90% are in profit, leading to potential selling pressure or waiting for price increase. The correlation between holder growth and price movement is important to consider. Profitable holders may decide to sell, impacting the market price. The IOMAP chart shows good support zones, but a potential 7% correction could occur if these levels are not maintained. If holder growth resumes, WLD could surpass $10.50 or its previous all-time high of $11.71.
Key Points
1. Worldcoin (WLD) could experience a period of relative stability in its pricing, with investors meticulously evaluating the market’s future trajectory. Analysis from IOMAP data reveals a robust support base, which has played a critical role in minimizing any sharp declines in value.
2. Almost 90% of Worldcoin holders are now at a profit, which could lead investors to increase selling pressure or wait for the price to increase before selling. The growth rate of holders has slowed down, indicating a potential period of price stagnation.
3. The IOMAP chart shows strong support zones for WLD at $9.69 and $9.40, but a potential 7% correction to $9.10 is possible if these zones are breached. If the number of holders starts growing again and WLD enters an uptrend, it could break resistances and reach $10.50 or even surpass its previous all-time high of $11.71.