• Home
  • Worldcoin Value Drops 20%: Long-Term Prospects Remain Positive

Worldcoin Value Drops 20%: Long-Term Prospects Remain Positive

The Bottom Line

The price of Worldcoin has dropped by 20%, leaving many investors with a choice: should they hold or sell their shares? A detailed analysis of on-chain metrics and market sentiment suggests that despite the short-term bearish sentiment, the long-term prospects may not be as bleak. But what does this specifically mean for you as an investor?

Development Activity and Market Sentiment

In March, Worldcoin’s development activity showed a positive turn, which is generally a good sign. However, since April 1st, both the open interest and the price of Worldcoin have fallen, indicating a bearish sentiment. Speculators seem to be standing aside at the moment, rather than betting on a further price decline. The technical analysis suggests that the region around $4 is a key support zone, the breach of which could, however, bring the market into a bearish structure on the daily chart.

Technical Analysis and Price Prediction

The RSI and the Chaikin Money Flow indicate a strong bearish momentum and a significant capital outflow from the Worldcoin market. Should the price fall below $5.6 and close a daily session below it, this could be a signal for swing traders to reconsider their positions. It is crucial that investors keep an eye on the development of these indicators in order to make informed decisions.

Risk Management and Patience

Given the current volatility, prudent risk management is essential. Investors should identify higher time frames and demand zones to determine potential entry points. The development activity and the on-chain metrics offer some positive signs, but the market remains short-term uncertain. It might be wise to exercise patience and wait for clearer signals before taking larger positions.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Our Assessment

Although the price drop of Worldcoin may initially seem alarming, the development activity and some market signals suggest that the long-term prospects may not be as negative. However, investors should be cautious and practice strong risk management. It is important to closely monitor market developments and patiently wait for stronger buy signals before taking further steps. Ultimately, this phase could represent an opportunity for strategic investors willing to use the short-term volatility to their advantage.

Sources: Santiment, Coinalyze, TradingView

Latest News

Created by

I had my first experience with slot machines in 2011 during my semester abroad in Las Vegas. Back in Germany, I wanted to play the same slots, but that was only possible online. Since then, I've been playing slots in online casinos and love crazy ideas.
Reviewed by
Nerd of Numbers

Last update: 25. September 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.