Whales Feast on Worldcoin: $18M Accumulated as Prices Plummet! 🐋💸

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Ah, mesdames et messieurs! Gather ’round as we unveil the latest spectacle in the grand theater of Worldcoin! 🎭

Our dear WLD, once prancing at a noble $0.94, has taken a tumble, falling nearly 8% in the past 24 hours! Now, it languishes at a mere $0.9344, while its market cap has plummeted by a staggering $120 million, leaving it at a pitiful $1.52 billion. What a tragedy! 😱

But fear not, for while the common traders wring their hands in despair, the mighty whales are quietly feasting! 🐋 According to the wise sages at LookonChain, two newly minted wallets have withdrawn a combined 18.2 million WLD, worth around $17.17 million from the grand bazaar of Binance. Oh, the audacity!

“Two newly created wallets withdrew 18.2M $WLD ($17.17M) from #Binance ~30 minutes ago.”

— Lookonchain (@lookonchain) June 17, 2025

This grand withdrawal, dear friends, reduces the liquidity of exchanges, leading to wild price swings and perhaps preparing for some clandestine OTC deals. Analysts, those ever-hopeful seers, suggest this may be the first sign of a bottom forming. How delightful! 🎉

In the short term, our dear WLD remains under the oppressive weight of bearish pressure. It has shed nearly 18% over the past month, wiping out a staggering $900 million in market capitalization since May 22. The astute technical analyst, AltCryptoTalk, has noted that WLD has broken below a rising wedge pattern on the daily chart. Oh, the drama!

“$WLD – @worldcoin, the real human network. 🧍‍♂️ #WLD turned bearish after breaking below the rising blue wedge. As it approaches the lower bound of the range at $0.50 once again, we’ll be looking for new long opportunities! In that case, we would expect a bullish continuation…”

— AltCryptoTalk (@AltCryptoTalk) June 16, 2025

Our analyst believes that the price may retest the horizontal support level at $0.50. Should this level hold, traders may look to re-enter with targets near $1.50. A most ambitious endeavor! 💪

However, if we zoom out to the grander scheme, WLD appears to have broken out of a multi-month falling wedge pattern in April. This hints at a potential macro rally, should it be supported by volume and momentum. Oh, the suspense!

🚨 “$WLD looks ready to explode! Indicators flashing bullish: ✅ RSI momentum picking up ✅ Major falling wedge breakout ✅ Long-term structure looks primed. People still sleeping on @worldcoin while it’s building real-world utility. 📈 Buy before it runs. Let $WLD cook good steak! 🔥”

— Keven Montgomery (@Montagomer) June 16, 2025

WLD Price Outlook

On the daily WLD price chart, the RSI is currently signaling oversold conditions. A further dip would suggest stronger bearish momentum, but the current level may entice buyers to enter. What a conundrum! 🤔

WLD price chart with RSI and Bollinger Bands | Source: TradingView

Bollinger Bands are beginning to shrink, suggesting declining volatility. Moreover, the price has broken below the lower band. A close above the $1.10 resistance level could lead to bullish continuation. How thrilling!

WLD price chart with MACD | Source: TradingView

Meanwhile, the MACD shows a bearish crossover with the MACD line crossing below the signal line. Both lines are below the zero level, reinforcing downward pressure. Traders could see strong support around $0.90 and $0.50. What a rollercoaster ride! 🎢

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2025-06-17 17:42