$WLD Market Update: Ongoing Correction Phase
$WLD is currently in a corrective phase following the recent $14.348K long liquidation at $0.38246. Price remains under pressure, trading below key moving averages—the 7-day, 30-day, 50-day, and 200-day—signaling sustained bearish momentum. The break below the main pivot point, coupled with the loss of critical Fibonacci retracement levels, confirms weakening support structures.
Momentum indicators reinforce this bearish outlook. RSI is in oversold territory, suggesting potential short-term relief bounces, while MACD remains under bearish control. The 24-hour range shows heightened volatility, and volume behavior indicates declining buying interest with ongoing net outflows.
Key support zones are $0.087 and $0.084–$0.086, with downside risk extending toward $0.079–$0.08. Near-term resistance levels are $0.095–$0.100 and $0.107–$0.11, which must be reclaimed for momentum to shift.
Traders should monitor volume for confirmation on any recovery attempt. While oversold conditions may allow short-term bounces, the broader trend remains weak until major resistance zones are reclaimed. DYOR and manage risk carefully.
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