WLD Technical Analysis Feb 10

WLD is trading in a narrow range at the $0.39 level ($0.37-$0.39) and, despite being under general downtrend pressure, carries recovery potential with RSI at 40.77; this situation makes both bullish and bearish scenarios possible.

Current Market Situation

WLD is hovering at the $0.39 level with a slight 0.95% increase over the last 24 hours, but the overall trend continues as a downtrend. The price remains below EMA20 ($0.43) and the MACD histogram shows negative pressure. RSI is at 40.77 in a neutral zone, while the Supertrend indicator gives a bearish signal and marks $0.53 as resistance. Volume is at a moderate level of 72.02M$; supports are at 0.3882 (strength score 76/100), 0.3450, and 0.3075, while resistances stand out at 0.3946, 0.4407, and 0.4850 (81/100). Multi-timeframe (1D/3D/1W) shows 11 strong levels with balanced distribution: 3 supports/resistances in each direction.

Scenario 1: Bullish Scenario

How Does This Scenario Unfold?

For the bullish scenario, a clear break and close above the $0.3946 resistance is required first; momentum increase is expected upon breaking this level, and RSI moving above 50 serves as confirmation. Then, $0.4407 and $0.4850 (high-score resistance) are tested, with EMA20 ($0.43) crossed as Supertrend turns bullish. Significant volume increase and MACD line crossing above zero strengthen this scenario. This move signals the end of the short-term downtrend and expands with buyers entering. However, stable recovery in BTC is required; otherwise, there’s a risk of fake breakout. Cancellation level: Break below $0.3882 support.

Target Levels

First target is $0.4850 resistance (81/100 score); once surpassed, the medium-term target of $0.7512 (score 25) comes into play. Fibonacci extension levels and weekly resistances support these targets. Potential R/R ratio could be around 1:3 depending on entry, but always apply your own risk management.

Scenario 2: Bearish Scenario

Risk Factors

The bearish scenario is triggered by rejection at $0.3946 resistance and break of $0.3882 support (76/100 score); at this point, MACD bearish divergence strengthens and RSI drops below 30. Supertrend is already bearish, remaining below EMA20 continues, and selling pressure increases with declining volume. BTC breaking $69,770 support pulls WLD down due to correlation in altcoins. Overall market downtrend and negative histogram are supporting factors for this scenario. Cancellation level: Close above $0.3946.

Protection Levels

First protection after $0.3882 break is monitoring $0.3450 and $0.3075 (71/100 score) supports. Long-term bearish target is $0.0252 (score 21), but intermediate levels offer more realistic stop-loss points. From an R/R perspective, attractive ratios may form for short positions, but do not ignore volatility.

Which Scenario to Watch?

Main trigger for bullish is volume-backed close above $0.3946 and RSI 50+; for bearish, close below $0.3882 and BTC weakness. MTF levels (balanced 1D/3D/1W) are critical in both scenarios; for example, 1W resistances ($0.4850) may cap the bull, while supports ($0.3075) support the bear. Volume spikes and indicator confirmations (MACD crossover, Supertrend flip) clarify scenario separation. Follow live data from WLD Spot Analysis and WLD Futures Analysis pages.

Bitcoin Correlation

BTC is in a downtrend at $70,387 (+0.12% 24h) with Supertrend bearish; main supports at $69,770, $65,786, and $62,382. As altcoins like WLD have high correlation to BTC, pressure increases in alts if BTC fails to break $70,932 resistance. If BTC drops below $69,770, WLD bearish scenario strengthens; conversely, a move above $74,418 lights the green signal for bullish. Rising BTC Dominance may delay altcoin rally.

Conclusion and Monitoring Notes

WLD at a critical juncture: $0.3882-$0.3946 range will determine scenarios. Monitoring points: Daily closes, volume surges, RSI/MACD divergences, and BTC movements. Be prepared for both directions; integrate technical levels into your own analysis. Market is volatile, always prioritize risk management.