coinedition.com
Worldcoin’s (WLD) upward trend was pointed out by the renowned cryptocurrency trader and analyst, Michael van de Poppe, in a tweet posted earlier today. It is also worth noting that WLD earned a spot on CoinMarketCap’s trending list after its price rose by more than 3% over the past 24 hours.
Mentioned these levels on $WLD.
— Michaël van de Poppe (@CryptoMichNL) August 2, 2023
Good responses.
I think, as long as we stay above $2.32, that we'll break $2.50 and start making new highs. Trend is clearly upwards. pic.twitter.com/EV9lKRFxOf
Van de Poppe predicted that as long as WLD can stay above $2.32, a price rise to $2.50 could be in the altcoin’s grasp in the near future. At press time, WLD was worth about $2.39, which meant that the target set by van de Poppe was still a possibility.
WLD’s latest success allowed it to strengthen against both market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 1.41% and 1.91% respectively over the past day of trading. This meant that 1 WLD was worth 0.00008109 BTC and 0.001287 ETH.
Over the longer term, WLD’s performance was also looking good as it was up by 1.55% over the past seven days. Additionally, the altcoin was up by more than 40% over the past month.
WLD has been in a consolidation phase between $2.036 and $2.556 over the past few days. At press time, traders were attempting to challenge the upper limit of this channel. If WLD is rejected by this level, then it may once again decline towards $2.036 in the next 24 hours. Continued sell pressure could also push the altcoin’s price down to $1.841.
On the other hand, WLD breaking above $2.556 and closing a 4-hour candle above this mark will clear a way for it to rise towards its all-time high at $3.58 in the following few weeks. Investors and traders will just want to practise caution during this time as bears may look to sell at any point between $2.556 and $3.58.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.