Worldcoin (WLD) Plummets 24%, Raising Investor Concerns

Bearish Signals Raise Red Flags 

The Market Value to Realized Value (MVRV) indicator for Worldcoin shows a bearish trend, sitting at -24%. This suggests short-term holders are making profits, often leading to increased selling pressure. With short-term investors likely to sell, WLD could face further declines. 

Another red flag is the token’s low Sharpe Ratio, which measures risk-adjusted returns. It’s at its lowest point since Worldcoin’s launch, signaling that the current risk of investing in WLD outweighs potential rewards. Many investors are now staying away, given the uncertainty and potential for further losses. 

Price Forecast: Further Struggles Ahead 

Worldcoin’s price has fallen to $1.65, and it seems unlikely to break back above the $2.00 mark anytime soon. The token is also facing resistance at $1.74, and if it fails to pass this point, it could fall further toward $1.34. While a rally above $1.74 might push WLD past $2.00, the current market conditions make it a risky choice for investors. 

For now, Worldcoin may not be the best bet for October portfolios, as bearish conditions persist. 

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