Worldcoin’s Wild Ride: Why This Crypto Rollercoaster Might Just Be Taking a Coffee Break ☕🎢

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Behold, the tale of Worldcoin (WLD), a coin so ambitious it might as well be named after a fantasy novel protagonist. At $1.85, it’s up 45% in 24 hours and over 110% this week. Three-month gains? A cool 50%. Yearly returns? Up 26%, which is impressive for something that spent most of its life looking like a failed alchemy experiment. 🧪💰

But let’s not get carried away, shall we? Rapid gains are like cats-adorable until they scratch your face off. The signs suggest a pullback is lurking, but don’t panic just yet. It’s less “the sky is falling” and more “time for a nap.” 😴

Profit-Taking: The Uninvited Guest at the Rally Party 🎉💸

A red flag flutters ominously in the breeze: between September 7 and 8, the percentage of WLD in profit leapt from 62.3% to 79.3%. That’s nearly 80% of holders sitting on gains, which is code for “sell now before someone else does.” And sell they have-retail and short-term wallets have sent tokens to exchanges, pushing balances up by 2.23%. At $1.83 per token, that’s roughly $11 million worth of potential sell pressure. Oof. 💸📉

But wait! Whales-the crypto equivalent of mythical sea creatures-have been buying. Their holdings climbed from 7.30 million to 7.93 million WLD, worth about $1.15 million. Alas, their generosity is outweighed by the inflows to exchanges, resulting in a net selling pressure of over $9.5 million. Add in the smart money dumping tokens, and you’ve got yourself a recipe for a short-term stall. 🐋📉

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Because who doesn’t love emails? 📧✨

The Relative Strength Index (RSI) agrees with this gloomy forecast. RSI, the bouncer at the club of overbought assets, is now the most overheated since early 2024. Translation: a correction is likely. But fear not, dear reader-we’ll delve deeper into this shortly. 🔍🔥

Dip Buying: The Unsung Hero of Corrections 🦸‍♂️📈

Despite the doom and gloom, demand hasn’t packed its bags and left town. The Money Flow Index (MFI), which tracks whether inflows outweigh outflows, has surged to its highest level since early 2024. A rising MFI while price consolidates suggests that buyers-especially whales-are gobbling up dips faster than you can say “discount.” 🛒🐋

This matters because strong MFI often means corrections are shallow. When profit-taking sparks a pullback, dip buyers swoop in like bargain hunters at a garage sale. In WLD’s case, this steady inflow suggests that even if prices cool after their unworldly rally, the correction might resemble a casual stroll rather than a cliff dive. 🚶‍♂️🌊

WLD Price Chart: A Tale of Bulls and Bears 📊🐂🐻

The WLD price chart paints a picture of balance. Yes, RSI is stretched (overbought territory alert!), confirming a near-term dip is due. But WLD continues to trade in a bullish setup, with moving averages flashing strength like disco lights. 🕺✨

The 50-day Exponential Moving Average (EMA), or the orange line, is closing in on the slower 100-day EMA (sky blue line). If the 50-day crosses above, it forms a “golden cross”-a signal so bullish it should come with a cape. 🦸‍♀️ Multiple golden crosses in past rallies have preceded days of upside, making this a key structure to watch.

And here’s the kicker: the expectations of a bullish crossover forming during the pullback add fuel to the “healthy correction” narrative. For levels, $1.38 remains the nearest strong support. If that breaks, the correction could deepen to $1.06. On the upside, a clean daily close above $1.94 would cancel the pullback scenario altogether, likely pushing WLD toward fresh highs. 🚀📈

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2025-09-09 14:43