WLD price analysis and prediction AMBCrypto’s ana

WLD price analysis and prediction

AMBCrypto’s analysis revealed that WLD failed to stay strong above $1.00, as it broke its rising trendline that had provided a solid support since April.

Trading at $1.094 at press time, WLD’s structure showed it was weak, and bears were in charge unless a powerful rebound took place to regain the trendline.

In the event that $1 could not hold, the next major support area would be around $0.785. This price could become a key demand area, based on the past areas of consolidation.

Additionally, the MACD indicator was in agreement with the bearish momentum, as it was at -0.014, below the signal line, which was -0.003. The histogram was printing red bars, affirming that bears were in control.

This could define death of bullish momentum and a capacity for more downside continuation.

To reverse control back to the bulls, they would need to rise back above the ascending trendline support to nullify the bearish breakdown.

With price testing the psychological support levels, capital inflows related to the ecosystem developments could stabilize the price. However, the technical structure remains cautious unless the $1 level is defended.