Wednesday, April 17, 2024

Can Your $100 in Worldcoin Turn To $1000 In This Crypto Bull Run?

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Worldcoin’s 2x Profits: Understanding Why WLD Jumped to $8

The cryptocurrency market has displayed a massive uptrend in its valuation today, with major altcoins adding significant value to their valuation. The Worldcoin price has added approximately 40% within the past 24 hours, making it one of the top gainers of the day in the crypto space.

Worldcoin (WLD) Price On A Path To Test $10 Mark!

The Worldcoin price traded in a closed range between $2.144 and $2.670 for a brief period, following which the bulls gained momentum, and the price broke out of the range. However. The rally was short-lived as it faced rejection at $3.273, after which the price traded sideways for a while.

As the market volatility grew, the bulls regained momentum and recorded another jump of 53.40% within the next two days. After trading sideways for a while, the WLD token recorded another jump of 55.129% in valuation.

Worldcoin Price Analysis
TradingView: WLD/USDT

The Worldcoin then faced rejection at $7.789, following which the price traded in a consolidated range between $6.291 and $7.789 for the next three days. Recently, the bulls successfully broke out of the resistance level but faced rejection at $8.831 and have been trading sideways since then.

The Moving Average Convergence Divergence (MACD) displays a rising green histogram, indicating an increase in the buying pressure in the market. Further, the averages show a bullish convergence, suggesting a positive price action for the WLD token in the coming days.

How High Will The Worldcoin Price Reach?

If the market pushes the price above the $8.831 mark, the bulls will regain momentum and prepare to test the upper resistance level of $10 by the weekend.

Conversely, if the bears overpowered the bulls, the WLD price would lose momentum and fall to test its support level of $7.789. Moreover, if the bears continue to dominate the market, it will further plunge and prepare to test its lower limit of $6.291 in the upcoming month.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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