Uptrend Broken for WILD Bulls; Will They Recover?

Wilder World aims to be a decentralized platform suitable for artists and creators, providing them with the necessary tools to showcase their projects and products. The platform has a community-centered approach and seeks to offer exposure to a virtual reality world by constructing cities for exploration.

Wiami, one of the first cities built by the project, is remarkably similar to the popular city of Miami. The team behind the project used Ethereum and ZERO technology to create the city on a blockchain, allowing users to explore metaverses.

Wilder World has numerous in-game games that enable players to earn money while playing. Play-to-earn games are in high demand as they provide an alternative way for gamers to earn money.

Like other metaverses, Wilder World emphasizes NFTs. However, some of the mini-games in the world allow users to earn tokens while playing. Wilder Wheels, one of the most popular games in Wiami, is exclusively available on Wiami and allows players to race or rent out their favorite cars for payments.

The cars in Wilder Wheels are NFTs, which means they are highly artistic, and their programming can affect gameplay and speed. Users can explore numerous car designs similar to those in the real world.

Wilder Wheels is a game in Wiami that allows users to race with others to earn rewards. The $WILD token fully powers the game, the native token of the metaverse. Users who do not have a car can rent one from another user for a limited period.

The market value of Wilder World may increase or decrease due to deflationary and inflationary features. According to the creators, over 100 people contribute to Wilder World’s success, helping it grow impressively.

Technical Analysis of WILD Price 

WILD Price: Uptrend Broken for WILD Bulls; Will They Recover?
WILD/USD Chart provided by tradingview.com

At the press time, the WILD coin is trading at the level of $0.347 after being rejected at the level of $0.5152. The bears have forced the WILD price to make a lower high below the trendline which confirms the trend break. However, the price is near the 150-day EMA of $0.3649 which is likely to provide some support to the bullish investors. 

The current trend is bearish and therefore the current target is sell. Some buying opportunities could be created if signs of reversal are seen at the level of the current support level of $0.289

Conclusion 

Wilder World is a metaverse that focuses on NFTs and has mini-games allowing players to earn tokens. Wilder Wheels is a popular game in Wiami where users can race or rent out cars for payments. The market value may fluctuate due to inflationary and deflationary features. The WILD price trend is bearish, so the current target is to sell. Buying opportunities may arise if signs of reversal are seen.

Technical Levels

  • Support Levels: $0.289 and $0.237
  • Resistance Levels: $0.515 and $0.643
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss

Source: https://www.thecoinrepublic.com/2024/01/22/wild-price-uptrend-broken-for-wild-bulls-will-they-recover/