- Worldcoin is trading at $2.20, with a 20% surge over the last 24 hours.
- WLD shows no clear dominance of either bullish or bearish momentum.
Today, a bullish wave has driven the crypto market into the green zone, with the global market cap jumping 3.76% to $3.76 trillion. Worldcoin (WLD) is one of the notable gainers, witnessing a price surge of over 20.74%.
Analysts anticipate the Worldcoin price to breach the next crucial resistance to gain double-digit in the upcoming days. Meanwhile, the rejection in the $2.70 range caused Worldcoin to shed off its gains, bringing back the price to its former levels.
In the early hours, WLD began trading at $1.82 and advanced to a high of $2.30. As per CMC data, Worldcoin traded at $2.20 at the time of writing. The asset’s daily trading volume has reached $690 million. Notably, the market observed a $2.47 million worth of WLD liquidation during this timeframe.
In the past seven-day price chart, the asset has recorded a gain of over 8.88%. At the beginning of the week, WLD traded at a low of $2.02, after which the price climbed to a high of $2.36.
Can WLD Bulls Push for a Breakout?
Worldcoin’s four-hour price chart reports the overall downtrend. If the asset enters bullish territory, it could likely meet the immediate $2.23 resistance. A confirmed retest at the $2.28 mark could solidify the momentum, pushing WLD for higher price targets.
Conversely, if the bullish outlook turns bearish, Worldcoin might lose its recent gains and plunge to test the support at $2.16. If this price level fails to hold, a prolonged downside risk could emerge, and the asset could drop toward the $2.09 mark.
Moreover, the Moving Average Convergence Divergence (MACD) line is above the signal line, but both lines are positioned below the zero line. This indicates a potential short-term recovery within an overall bearish trend.
In addition, the Chaikin Money Flow (CMF) indicator is at 0.00, suggesting a balance between the buying and selling pressure—with no clear dominance in the market. Meanwhile, Worldcoin’s daily trading volume has increased by over 34.26%.
The in-progress market sentiment of Worldcoin is in the neutral zone, with the daily relative strength index (RSI) settled at 59.49. Besides, the daily frame of the asset displays the short-term 9-day MA below the long-term 21-day MA at $1.99 and $2.02, respectively.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Highlighted Crypto News
