Web3: Foreign media: NEAR and WLD attempt to rebound after holding support levels.
Coinpedia
07-14 19:31
Ai Focus
Foreign media reports that NEAR and WLD rebounded after holding key support levels, and whether this rebound can continue depends on whether they break through the upper resistance zone.
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Foreign media reports that after weeks of selling pressure, AI concept tokens NEAR Protocol and Worldcoin have recently rebounded near key support levels, indicating a recovery in market sentiment. However, this rally is currently closer to a technical rebound, and whether it can develop into a more sustainable recovery depends on whether both tokens can break through their current resistance levels.

NEAR approaches $2.13 resistance.

NEAR is currently trading around $2.00, with a 24-hour gain of nearly 4%. The article argues that the $2.13 area remains a key short-term resistance level, as recent rebounds have repeatedly stalled near this level.

From a technical perspective, NEAR's current structure is relatively stronger. Its upward trend line is still providing support, and $1.96 is considered a key level to hold in the short term. A break below this level could weaken the price structure, and the risk of a pullback would then point back to the $1.43 demand zone.

Furthermore, the article mentions that NEAR's RSI has rebounded to approximately 52, indicating that momentum is gradually shifting from neutral to slightly bearish to neutral to slightly bullish. If it subsequently rises above $2.13 and returns above the Ichimoku cloud, the next target range could be $2.50.

WLD is near the $0.403 to $0.41 range.

Worldcoin is currently trading around $0.40, with a 24-hour increase of nearly 2%. The article points out that WLD has also held its long-term upward trend line, but its rebound is still weaker than NEAR's, and it is now approaching the $0.403 to $0.41 resistance zone.

The daily chart shows that WLD is forming an ascending triangle, meaning the lows are gradually rising while the resistance above is relatively gentle. This usually indicates that buying pressure is gradually absorbing selling pressure, but whether a true breakout will occur requires stronger buying support from the spot market.

The article also mentions that WLD's Bollinger Bands have begun to narrow after several weeks of fluctuations, a change that often precedes larger price swings. However, the cumulative volume difference remains negative, indicating that spot buying interest is still insufficient for the time being.

Whether the rebound can continue depends on the breakout situation.

The article argues that the recent rebound in both tokens has improved short-term sentiment, but it is still too early to conclude that a new upward trend has begun. NEAR needs to break through $2.13, and WLD needs to rise above $0.403 to further confirm the continuation of the rebound.

If the breakout holds, NEAR could rise to $2.50, while WLD might test $0.50 first, before observing the resistance around $0.73. If the resistance above continues to suppress the price, the current movement is more likely to remain in a corrective phase than a trend reversal.

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