WLD Technical Analysis Feb 3

WLD faces critical resistance at the $0.41 level ($0.4117) while the overall downtrend maintains its dominance. Although a bullish scenario is possible as RSI 38.48 approaches the oversold region, the MACD bearish signal and BTC pressure increase the downside risk, balancing both possibilities.

Current Market Situation

WLD is currently trading at $0.41 and showed a slight 1.32% increase over the last 24 hours, but the overall trend is downward. The price is exhibiting narrow consolidation between $0.40-$0.41, with volume at a moderate $105.90M. Technical indicators are giving mixed signals: RSI at 38.48 near oversold, but MACD with a negative histogram confirms bearish momentum. Price continues to remain below EMA20 ($0.47), reinforcing the short-term bearish structure. The Supertrend indicator is giving a bearish signal, with the next resistance at $0.55.

Multi-timeframe (MTF) analysis detects 7 strong levels across 1D/3D/1W timeframes: 1 support/1 resistance on 1D, resistance-heavy with 3 on 3D, and balanced 2 supports/2 resistances on 1W. Critical support at $0.3849 (strength score 84/100), resistance at $0.4117 (75/100). Market news flow is quiet, creating an environment where technical levels take center stage.

Scenario 1: Bullish Scenario

How Does This Scenario Occur?

For the bullish scenario, a clear break above the $0.4117 resistance is essential first. A close above this level could reverse short-term momentum and open the path to EMA20 ($0.47). Positive divergence on RSI (where price makes new lows but RSI makes higher lows) would serve as an early warning signal. Notable volume increase and MACD histogram approaching zero could trigger a Supertrend flip to bullish. Bullish candlestick patterns (hammer or engulfing) on 1D timeframe and breaking resistances on 3D would strengthen the scenario. BTC stability or slight upside would support altcoin rotation. This scenario is invalidated by a close below $0.3849 support – if this level is not held, the bullish possibility is nullified.

Target Levels

First target $0.47 (EMA20), followed by $0.55 (Supertrend resistance). With strong momentum, the main target is $0.7320 (score 31), aligning with the next strong resistance on 1W timeframe. The R/R ratio looks attractive from current levels, but stop-loss should be placed below $0.3849 against pullback risk at every step. These levels align with Fibonacci extensions and historical pivots.

Scenario 2: Bearish Scenario

Risk Factors

The bearish scenario is triggered by a close below $0.3849 support – if broken, bearish momentum accelerates. Negative divergence on MACD (histogram expansion) and RSI dropping below 30 signals transition from oversold to exhaustion. Volume spike supporting the breakdown reinforces distance from EMA20. The 3 resistances on 3D timeframe reject upside moves while BTC downtrend crushes altcoins. Testing supports on 1W increases risk in the overall bear market context. The scenario is invalidated by a strong close above $0.4117 – without it, the downside continues.

Protection Levels

First protection below $0.3849, next at MTF supports (from 1W). Long-term bearish target $0.0677 (score 21), near historical lows and an extremely bearish projection. Intermediate targets could be the $0.35-$0.30 range, aligned with Fibonacci retracements. For risk management, $0.3849 stop for longs, $0.4117 invalidation for shorts is critical.

Which Scenario to Watch?

Key triggers: Volume close above $0.4117 confirms upside, close below $0.3849 confirms downside. RSI divergence, MACD crossover, and candlestick patterns provide early signals. Volume profile is decisive – low-volume moves carry fakeout risk. MTF alignment is essential: 1D break must be supported by 3D/1W. Monitor daily closes and BTC movements.

Bitcoin Correlation

BTC at $78,465 in downtrend (despite 0.89% 24h gain), Supertrend bearish. Altcoins like WLD are highly correlated with BTC; if BTC breaks $77,615 support ($74,604 next), altcoin pressure increases and WLD bearish scenario strengthens. Conversely, if BTC breaks $79,295 resistance ($81,520 target), WLD upside is supported by altcoin rotation. Rising BTC dominance crushes alts – $63,235 BTC support sets the general altcoin floor. WLD traders should prioritize monitoring BTC levels.

Conclusion and Monitoring Notes

WLD at around $0.41 is a decision point: Watch for $0.4117 breakout for upside, $0.3849 breakdown for downside. RSI/MACD divergences and volume as early warnings, BTC correlation indispensable. For detailed charts, visit WLD Spot Analysis and WLD Futures Analysis pages. Conduct your own analysis and manage risk – the market can change at any moment.