Worldcoin Price Hits Oversold Territory, Relief Rally Looming

At $0.31, Worldcoin's (WLD) price is trading below its major moving averages and pressing against its lower Bollinger Band.

The stochastic oscillator shows oversold conditions, indicating a potential relief rally to $0.34, $0.36 with a 60% probability within the next 7-14 days.

Joerg Hiller notes that WLD is not consolidating, it's in a confirmed downtrend, and its momentum picture is showing signs of exhaustion, which could lead to a sharp reversal.