As a seasoned analyst with over two decades of experience in the financial markets, I have seen countless bull and bear runs, and I must say that Worldcoin’s recent performance is quite intriguing. The 10% surge in WLD within 24 hours has caught my attention, particularly given its position among the top 100 altcoins.
Worldcoin’s (WLD) price has increased by 10% in the last 24 hours, making it one of the best-performing altcoins in the top 100. This Worldcoin price increase puts the token’s value at $2.90.
Indications suggest that this increase could mark the start of an extended surge, potentially propelling WLD even further upwards. Let me explain.
Worldcoin Rises Past Bearish Dominance, Volume Follow
From June 6th to November 21st, the WLD was found trading within a falling triangle on its chart. A descending triangle is a bearish pattern characterized by a declining upper boundary and a level bottom line. This configuration often indicates an impending decrease in price due to increased selling pressure.
When a cryptocurrency’s price falls below its horizontal line of support, it could suggest a strengthening downward trend. However, at present, Worldcoin has surpassed this level, signaling that the altcoin might be headed for an uptrend or a bullish phase.
If maintained, it’s possible that Worldcoin’s price might soar beyond $3 in the near future. But to confirm this, it’s important to examine other related factors and indicators first.
One metric supporting a further hike is WLD’s volume. The volume shows whether the market is actively trading a token. When it increases, more liquidity is flowing into the cryptocurrency.
Conversely, a decrease in volume indicates lower liquidity for the cryptocurrency. Also, volume can indicate the potential direction of the price. Generally, an increase in both volume and price suggests a bullish trend is underway.
Conversely, when trading volume increases while prices are climbing, this could suggest that the upward trend is strong and potentially prolonged. As such, the concurrent surge in Worldcoin’s price and volume implies that its value may further escalate.
WLD Price Prediction: $4, Then $5 Could Come
On the daily graph, the price of Worldcoin is now higher than its 20-day and 5-day Exponential Moving Averages (EMAs). This technical signal suggests an upward trend for this digital currency.
When the indicator falls and is higher than the current price, it suggests a falling or bearish trend. Conversely, when the Exponential Moving Averages (EMAs) are lower than the price and increasing, it indicates an upward or bullish trend. Notably, the last time this happened, the WLD price significantly increased above $11.
Given a continuation of its usual pattern, Worldcoin’s value could escalate to approximately $3.92. If the upward momentum holds, it’s possible for this cryptocurrency to surpass $4 and potentially reach $5.10.
If the token falls below its Exponential Moving Average once more, the predicted rise of WLD’s price may not materialize. Alternatively, it could drop down to $2.07 instead.
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2024-11-29 21:45