The post Worldcoin price prediction – 60% corrections, but is recovery in sight? appeared on BitcoinEthereumNews.com. Key Takeaways Why has WLD dropped by 60% from its recent peak?  Broader weak sentiment has dragged WLD lower on the charts.  Is a price recovery likely?  People have been buying the dip. Hence, a rebound could be feasible if the broader market sentiment improves.  Worldcoin [WLD] has erased nearly 60% of its September gains amid the broader market’s bearish sentiment. This, after the altcoin rallied by 2x following a treasury firm announcement backed by Fundstrat’s Tom Lee.  While it jumped from $1 to over $2.2, it has since dropped by 60% to $1.2 at press time. In fact, the pullback cracked key support levels and the previous higher high, effectively morphing the price action to a bearish trend. When will WLD bottom out? Source: WLD/USDT, TradingView  On the price charts, the first potential support seemed to be at $1.5-$1.6 – A golden zone that could have eased the correction. However, short sellers smashed it and dragged the price below the next support at $1.4.  The technical indicators also dipped to neutral levels, at the time of writing. Notably, the RSI briefly slipped below the equilibrium level while the OBV was on the verge of cracking below its September breakout level.  If the indicators hold above these key levels, a reversal would be possible.  However, if they drop further, an extended price dip towards $1 and an effective correction of all of September’s gains could be feasible.  If so, the next lower levels to track would be $1.16, $1 and $0.84, which are key lower liquidity pools and potential price magnets. They tend to be hit during price swings or liquidity hunts.  Source: CoinAnk Grabbing the dip? That being said, there was a surprisingly relative decline in exchange sell pressure. Despite the dump seen over the past few days. Santiment data… The post Worldcoin price prediction – 60% corrections, but is recovery in sight? appeared on BitcoinEthereumNews.com. Key Takeaways Why has WLD dropped by 60% from its recent peak?  Broader weak sentiment has dragged WLD lower on the charts.  Is a price recovery likely?  People have been buying the dip. Hence, a rebound could be feasible if the broader market sentiment improves.  Worldcoin [WLD] has erased nearly 60% of its September gains amid the broader market’s bearish sentiment. This, after the altcoin rallied by 2x following a treasury firm announcement backed by Fundstrat’s Tom Lee.  While it jumped from $1 to over $2.2, it has since dropped by 60% to $1.2 at press time. In fact, the pullback cracked key support levels and the previous higher high, effectively morphing the price action to a bearish trend. When will WLD bottom out? Source: WLD/USDT, TradingView  On the price charts, the first potential support seemed to be at $1.5-$1.6 – A golden zone that could have eased the correction. However, short sellers smashed it and dragged the price below the next support at $1.4.  The technical indicators also dipped to neutral levels, at the time of writing. Notably, the RSI briefly slipped below the equilibrium level while the OBV was on the verge of cracking below its September breakout level.  If the indicators hold above these key levels, a reversal would be possible.  However, if they drop further, an extended price dip towards $1 and an effective correction of all of September’s gains could be feasible.  If so, the next lower levels to track would be $1.16, $1 and $0.84, which are key lower liquidity pools and potential price magnets. They tend to be hit during price swings or liquidity hunts.  Source: CoinAnk Grabbing the dip? That being said, there was a surprisingly relative decline in exchange sell pressure. Despite the dump seen over the past few days. Santiment data…