Worldcoin Rallies Amid New Updates and Analyst Optimism

Worldcoin (WLD) experienced a 15% price surge, reaching $3.35, but signs suggest a potential pullback as selling pressure rises. Despite increased long-term investor confidence, only 59% of WLD addresses are profitable. Analyst Ali Martinez noted a head and shoulders pattern, indicating a possible sell-off. Increased supply on exchanges and a declining Long/Short Ratio suggest bearish sentiment. If the sell-off continues, WLD might find support at $2.9, with potential further decline to $2.4. However, if bullish momentum persists, WLD could aim for a $4 resistance.