Analyst Anticipates Worldcoin’s Major Correction, Revises Views on Solana and 2 Other Altcoins

Renowned Analyst Foresees Impending Downturn for Worldcoin.

Influential pseudonymous analyst, Altcoin Sherpa, renowned for his 196,400 followers, has cast a bearish outlook on Worldcoin (WLD), a groundbreaking artificial intelligence-linked crypto venture associated with Sam Altman, the co-founder of ChatGPT. Worldcoin employs cutting-edge iris-scanning technology.

Altcoin Sherpa projects that WLD could undergo a substantial depreciation, potentially reaching around 40% from its present value. This assessment is based on the loss of the critical 0.618 Fibonacci level. “WLD: It’s advisable to avoid acquiring this asset until it reaches the low $1 range, and even then, consider it only for a quick rebound, not for long-term investment purposes.”

Currently, as of this report, WLD is valued at $2.03.

Additionally, Altcoin Sherpa has turned his attention to Solana (SOL), an intelligent contract platform. He observes that SOL is presently in a zone of interest, as it closely approaches its 200-day exponential moving average (EMA). “SOL: Due to the complexity of discerning significant historical levels, you can leverage the 200-day EMA as a point of confluence for your analysis. Presently, this stands as an area of interest, and I anticipate Solana to perform well in bullish market conditions. Accumulating a portion appears prudent.”

At the time of writing, SOL is trading at $23.07, while the 200-day EMA hovers at $22.62.

Maker (MKR) takes the analyst’s spotlight next, as it underpins the stablecoin Dai (DAI). Altcoin Sherpa discloses his intent to amass the token slightly above the 0.50 Fibonacci retracement level. “MKR: My preferred configuration, leveraging the Fib .50 retrace. Aiming for approximately $1000; a level of psychological significance that aligns closely with key technical levels. It remains to be seen if this phase is concluded, but I anticipate a favorable buying opportunity.”

As of this report, MKR is valued at $1,209.

Rollbit Coin (RLB), the native token of the crypto casino and exchange platform Rollbit, rounds off the list. Altcoin Sherpa postulates that RLB is well-positioned for a surge, potentially up to its immediate resistance at $0.126. “RLB: I’m securing 50% of gains at this point, with intentions to take more profit at higher levels, while retaining a portion. Despite prevalent FUD (fear, uncertainty, and doubt), I maintain my perspective that it holds the potential for substantial value appreciation.”

Please note that all cryptocurrency values and analyses are based on the information available at the time of composing this update.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.