Worldcoin Price Drop Erodes Investor Confidence as Profits Turn to Losses

Worldcoin (WLD) has seen impressive price growth since the beginning of September, reaching $2.46 and boosting investor confidence.

However, the recent pullback serves as a turning point in optimistic sentiment, with many holders now facing losses and looking for signs of recovery.

Over the past day, the price of Worldcoin has fallen by over 15%, reaching an intraday low and causing the percentage of profitable holders to drop from 87% to 70%.

This means that about 97.36 million WLDs, valued at over $194 million, went from profit to loss in a single day. Such a sharp drop has shaken investor confidence, marking a possible shift from optimism to caution.

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On a broader scale, Worldcoin’s current trend faces challenges. Data from the metric “Global In/Out of the Money (GIOM)” indicates that about 2.79 billion WLDs, worth more than $5.58 billion, have become unprofitable during the 18 percent decline. In order to regain profitability, WLDs will need to return to $2.46, surpassing this resistance, to secure profits.

At the time of writing, altcoin is trading for $2.01 after a 16 percent weekly decline, and Worldcoin’s earlier potential to reach $3.00 is now uncertain. To stabilize, WLD needs to hold the $2.11 support level, which could help restore investor confidence. However, if it fails to surpass this point, the price is likely to drop to $1.74, which will likely extend losses and further deteriorate investor sentiment.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.