Worldcoin (WLD), Canton (CC), and Jupiter (JUP) continue to maintain their upward momentum over the past 24 hours, despite the overall cryptocurrency market showing signs of stagnation following the Federal Reserve’s decision to keep interest rates unchanged announced on Wednesday. While Worldcoin is entering a short-term correction phase, Canton and Jupiter are approaching key resistance zones. From a technical perspective, the strongest performing assets of the day may face a reversal risk as selling pressure at resistance levels continues to increase.
Worldcoin loses momentum after 25% surge
Worldcoin (WLD) experienced a decline of about 5% on Thursday, as the price corrected back from the 100-day Exponential Moving Average (EMA) after a strong 25% breakout the previous day. The 50, 100, and 200-day EMAs remaining downward indicates that the bearish trend still dominates in the medium term.
In a negative scenario, if WLD continues to weaken and breaks below the 50-day EMA at $0.5547, selling pressure could intensify, pushing the price back to a key psychological support level around $0.5000.
Daily WLD/USDT chart | Source: TradingViewOn the other hand, technical signals are beginning to show signs of improvement. The MACD histogram has shifted into positive territory as the MACD line crosses above the signal line near the zero mark, indicating increasing bullish momentum and the potential for an early recovery. Meanwhile, the Relative Strength Index (RSI) oscillates around 51, reflecting a neutral state and temporary market balance after recent strong volatility.
If WLD can break out and close stably above the 100-day EMA at $0.6503, the recovery momentum is likely to extend, with the next target around the 200-day EMA near $0.8201.
Canton at key resistance, aiming for upside targets
Canton is currently trading near a critical resistance zone at $0.1624, coinciding with the peak recorded on January 2nd. As of this writing, CC has risen slightly by 2% on Thursday, following a 2% increase on Wednesday, indicating stable buying pressure.
Daily CC/USDT chart | Source: TradingViewIf CC breaks above and closes convincingly above this level, the bullish trend is likely to target the R1 Pivot Point at $0.1855. The RSI remains sideways around 62, reflecting steady buying pressure and room for further gains before reaching overbought territory. Meanwhile, the MACD line and signal line continue to rise above zero, with expanding green histogram bars, confirming strong bullish momentum.
Conversely, if Canton drops below the round level of $0.1500, the 50-day EMA at $0.1283 will serve as an important support zone, helping to curb selling pressure.
Jupiter’s rally stalls at the 50-day EMA
Jupiter (JUP) is facing strong resistance at the 50-day EMA at $0.2174, after experiencing a 16% rally in the first three days of the week. As of now, JUP has declined nearly 1% on Thursday as pressure at the 50-day EMA increases.
If the current trading session closes below this level, the price could revisit the critical psychological level of $0.2000.
Daily JUP/USDT chart | Source: TradingViewFrom a technical standpoint, the MACD still signals a buy with a bullish crossover forming, while the RSI is at 54 and trending upward from the neutral zone, indicating that buying interest is gradually recovering after the previous rally.
If JUP breaks below the 50-day EMA, the next strong resistance zone between $0.2240 and $0.2308 could potentially control the upward movement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Five Major Funds "Restrict" Private Credit Redemptions, Impact on Cryptocurrency Liquidity Ahead of FOMC
Since late February, multiple private credit fund managers have restricted redemption requests, creating a liquidity crisis. Investors may turn to liquid assets like Bitcoin to raise funds. With the FOMC meeting approaching, this could further exacerbate fragility in the crypto market, while rising credit risk at Deutsche Bank has intensified market anxiety.
MarketWhisper20m ago
How likely is it that HYPE will increase fivefold? HIP-3 is the most powerful engine.
Author: Ishika Kumari, AMB Crypto
Compiled by: Peggy, BlockBeats
Editor's Note: Against the backdrop of increasing macroeconomic uncertainty and persistently low sentiment in the crypto market, an intriguing divergence is emerging: investor sentiment remains in the "extreme fear" zone, while some asset prices are gradually beginning to rise.
Recently, a decentralized derivatives trading platform
PANews1h ago
Bitcoin Finally Won? JPMorgan: Funds Shift After Iran Tensions, Bitcoin ETF Inflows Surpass Gold
JPMorgan report shows that since the onset of the Iran conflict, Bitcoin spot ETFs have experienced capital inflows of 1.5%, while gold ETFs have seen capital outflows of 2.7%. This phenomenon indicates that market preferences for safe-haven assets are shifting and reflects rising institutional investor attention on Bitcoin. However, institutions still prefer gold and maintain a cautious stance on Bitcoin. Analysts are optimistic about Bitcoin's long-term prospects and forecast a price target of $266,000.
ChainNewsAbmedia1h ago
On-chain activity is exploding, but Ethereum can't seem to gain momentum? Experts reveal the "fatal weakness": could drop to $1,500
CryptoQuant reports indicate that Ethereum faces an "adoption paradox," where despite network activity reaching new highs, the token price has declined. If the bear market continues, Ether could potentially fall to $1,500 by the end of the third quarter. Smart contract activity has risen while decoupling from Ether's price, with exchange inflows being a better reflection of price dynamics. Weak investment demand and continuous capital outflows remain the primary concern.
区块客1h ago
Pi Network Lists on Major CEX, Price Surges 30% in a Month Before Pi Day
Pi Network has seen a recent trading price increase of approximately 10%, primarily driven by the upcoming listing of the PI token on a major U.S. centralized exchange and Pi Day, which has boosted retail investor confidence. Technical analysis shows a bullish outlook in the short term, though caution remains warranted for the medium to long term. Community sentiment has warmed, indicating renewed retail interest, which provides support for short-term upside potential.
MarketWhisper2h ago
Ripple Splurges $750 Million on Share Buyback While XRP Continues Declining: Why Is the Company's Strategy Diverging from Token Value?
Ripple announced a $750 million stock buyback, with its company valuation potentially rising to $50 billion, yet the XRP token price continues to decline, exposing a decoupling phenomenon between the company and the token. Market confidence in Ripple and XRP is gradually diverging, requiring investors to clarify whether they are investing in company strength or token value, as they face challenges from regulation, utility, and market patience.
PANews2h ago
