Worldcoin (WLD) Leads The Top Losers

Worldcoin (WLD) Leads The Top Losers
Worldcoin (WLD) leads the list of top losers this week, with its value diminishing by more than 17.38%. Trading around $4.96, it has seen a slight intraday recovery of 1.38%. with a current market capitalization of 1.066 Billion, the crypto ranks 80th among all.

Moreover, Since mid-March, WLD has been in a downturn, unable to recoup its losses. The daily chart indicates a consolidation pattern beginning mid-April, hovering around the critical 50-day and 200-day exponential moving averages (EMAs).

At present, the 50-day EMA is acting as a dynamic barrier. Now, until the crypto hovers below it, the downward trend is likely to persist. Conversely, a breakthrough above the 50-day EMA could signal a potential trend shift, possibly leading to gains. However, the risk of further decline remains as long as the cryptocurrency continues its corrective phase.