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- On-chain analyst Ali Martinez predicts a potential rebound for Worldcoin (WLD) with a medium-term bullish signal.
- Launchy founder Karon revealed $3.5 billion worth of tokens to unlock in July, with WLD leading the list.
After witnessing a bearish trend over the last 30 days, Worldcoin (WLD) is expected to rebound. Ali Martinez, a popular on-chain analyst, recently tweeted about an opportunity for WLD, citing a weekly chart.
TD Sequential Indicates Worldcoin Rebound
Martinez reports that the TD Sequential indicator has triggered a “buy signal,” indicating a possible rebound within one to four weekly candles after the signal’s. This shows that Worldcoin has mid-term bullish potential.
The TD Sequential has triggered a buy signal on the #Worldcoin $WLD weekly chart, suggesting a rebound of one to four weekly candlesticks! pic.twitter.com/xMfKbqtSxH
— Ali (@ali_charts) July 14, 2024
Previously, Worldcoin struggled to meet its goal of one billion users. A report from last year revealed that the initiative has consistently encountered a scarcity of Orbs, which scan people’s iris in return for WLD tokens.
Beside that, Launchy founder Pangestu Karon tweeted about the token unlock expected this month. He indicated that $3.5 billion in tokens will be unlocked in July.
According to the chart, WLD will be the largest unlocked token, worth $628.17 million. Solana (SOL) and Altlayer (ALT) are the second and third largest tokens to be unlocked, with values of $410.46 million and $227.94 million, respectively.
In early July, accoding our prior report, Worldcoin strengthened its team by hiring four former executives from Apple, Google, Meta, Tesla, and Twitter. Meanwhile, WLD is currently trading at $1.91, up 3.87% but still down more than 45% since mid-June.
No coins selectedThese developments indicate that, while Worldcoin confronts obstacles, there is hope for a recovery. The optimistic signs from the TD Sequential indicator, together with major token unlocks and key hires, point to a potential favorable change for WLD in the near future. Investors will be watching closely to see if these variables lead to a sustainable recovery for the token.
