Crypto
WLD Bulls Load Up at $0.40 as Resistance Looms at $0.42
The price of WLD has been steadily increasing, and bulls are loading at $0.40. However, there is a crucial resistance level at $0.42 that must be broken for a sustained rally.
WLD has reclaimed all major moving averages, with the short-term SMA cluster at $0.38, the 50-day at $0.35, and the 200-day at $0.36 being surpassed. The intraday range of $0.37-$0.40 indicates that buyers defended the SMA support zone on the flush and closed near the top of the range.
The momentum indicators are mixed, with the MACD histogram printing at zero, indicating a dead-flat reading. However, the Stochastic has triggered a fresh bullish signal as the %K crosses above the %D at mid-range.