A Crypto Strategist Warns of Potential Collapse for Worldcoin (WLD)
A well-known crypto strategist, Altcoin Sherpa, has issued a warning about the potential collapse of Worldcoin (WLD), a controversial altcoin. Altcoin Sherpa believes that WLD could experience a decline of at least 34% from its current value. He advises those who are currently invested in WLD to consider cutting their positions soon, as he believes the token looks tired and will ultimately drop below $1 in the long term. However, he does anticipate a small bounce at the $1.50 level.
Altcoin Sherpa’s chart analysis suggests that Worldcoin is currently in a downward trend after encountering resistance near the $1.90 level. He predicts that the token will likely retest the 200-day single moving average (SMA) around the $1.50 range. At present, WLD is trading at $1.50, down 9.1% in the last 24 hours, after reaching a high of $1.88 on September 28th following a low of $0.978 in mid-September.
Keeping an Eye on Solana (SOL)
Altcoin Sherpa is also closely monitoring Solana (SOL), a competitor to Ethereum (ETH). He is waiting to see if SOL can break a key resistance level to confirm bullish momentum. Altcoin Sherpa suggests that SOL is an attractive long-term investment option and recommends holding it for at least six months. However, he advises against buying SOL until it breaks the $26 mark.
Currently, SOL is trading at $23.16, down 1.2% in the last 24 hours.
Hot Take: Worldcoin Faces Potential Collapse While Solana Remains Promising
A well-known crypto strategist has cautioned investors about the potential collapse of Worldcoin (WLD), advising them to consider cutting their positions. The analyst believes that WLD looks tired and will likely drop below $1 in the long term. Meanwhile, Solana (SOL), a competitor to Ethereum, is being closely monitored to see if it can break a key resistance level. The strategist suggests that SOL is a good long-term investment option and recommends holding it for at least six months. However, he advises against buying SOL until it surpasses the $26 mark.
By
By
By
By
By