Worldcoin Price Analysis: Can WLD Recover as Global Expansion Continues Amid Ecuador Launch and Kenya Comeback ?

Technical indicators provide additional insights into WLD current market position. The MACD (Moving Average Convergence Divergence) is currently showing a sell signal with the MACD line below the signal line. This negative value indicates bearish momentum. For a bullish trend to emerge the MACD would need to move into positive territory and cross above the signal line.The RSI (Relative Strength Index) is currently at 30 placing it in the oversold region. An RSI reading below 30 typically suggests that an asset is oversold and may be due for a price correction or rebound. This indicator might provide some hope for bulls looking for a potential price recovery.On-chain metrics from Into The Block offer an interesting perspective on WLD holders profitability. Currently only 30% of holders are making money at the current price while 67% are out of the money and 3% are at their break-even point. This data suggests that a significant portion of WLD holders are currently underwater on their investments which could potentially lead to increased selling pressure if the price continues to decline.WLD price movement will likely depend on several factors including broader market trends, project developments and adoption rates. The expansion into new markets like Ecuador and the potential resumption of operations in Kenya could provide positive catalysts for the project. However, the current technical setup suggests caution with the price hovering near support.

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