#Worldcoin plans to sell up to $195 million in WLD tokens, expanding the token supply by 18.6%.
Following a new all-time high of $11.970 on March 10th, WLD has faced bearish pressure.
On the daily chart, $WLD has been rejected from the upper boundary of the Descending channel pattern.
Despite a recent rise, $WLD encountered resistance in breaching the channel pattern yesterday.
Bulls failed to sustain momentum, resulting in a 3.50% decline in price.
WLD has completed a five-wave uptrend, indicating the subsequent downturn was a correction.
A breakout above the channel pattern may signal a significant recovery, potentially surpassing its previous all-time high.
According to Coin Gabbar analysis, Conversely, rejection could lead to another downturn, potentially driving the price below $4.
KEY LEVELS :
RESISTANCE LEVEL : $6.50-$8.00
SUPPORT LEVEL : $4.40-$3.00
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