Worldcoin [WLD] Price Soars: Is It Time to Cash In or Hold On for Dear Life? 🚀💰

Worldcoin blitzed through the $1.4 resistance zone like it was a speed bump
But is this surge about to hit a wall? A pullback might be inevitable

Worldcoin [WLD] just had a major 1-day candle on the charts, rallying by a whopping 37% and counting. The daily trading volume spiked by nearly 140% compared to the previous day. Talk about a Monday morning surprise! 😱

The trend of WLD had been bullish over the past month, but this explosive move was like a surprise party no one saw coming. 🎉

And just when you thought it couldn’t get any wilder, the Worldcoin Foundation raised $135 million on Wednesday for network expansion by selling its token to early investors. This saw WLD’s price not just climb, but rocket launch into the stratosphere. 🚀

Should WLD Traders Expect a Short-Term Pullback?

The 1-day chart showed that an uptrend was already in progress before the most recent 1-day candle burst out beyond $1.4. After breaking the $1 psychological resistance (white) towards the end of April, the bulls made their intentions crystal clear. 📈

Worldcoin dipped below $1 in early May, likely in a move to hunt liquidity, before reversing swiftly. A week ago, WLD’s price dipped to $1.07, retesting the demand zone around $1. It’s like the token was playing a game of hide and seek with the bears. 🕵️‍♀️

Throughout the past two months, the OBV has been trending higher, making higher highs and higher lows. At press time, it was pushing higher again. The RSI was at 72, the first foray into overbought territory in nearly two weeks. However, neither indicator highlighted a bearish divergence on this timeframe, and the rally could easily push towards $2 and beyond in the coming weeks. 🚀

The market doesn’t move in a straight line upwards, but the 4-hour chart seemed to be the exception to the rule. On the back of heavy demand over the past few days, Worldcoin rallied by 41% in under 36 hours. Impressive, but traders looking to go long should not FOMO now. They can wait for a pullback to $1.4, the long-term S/R level. A deeper dip to the previous local highs at $1.32 may also be possible. 📉

Patience would be key for traders looking to re-enter a long trade. Meanwhile, traders already in long positions could book profits, especially if trading with leverage. Finally, at press time, the H4 RSI was at 87 – A high that has not been matched in recent weeks. 📊

2025-05-23 09:55

Should WLD Traders Expect a Short-Term Pullback?

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