dailyhodl.com
A popular cryptocurrency trader believes that a controversial altcoin project still has potential for growth.
Pseudonymous crypto analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that Worldcoin (WLD) could surge by more than 11% from its current value.
“WLD: I am all out of this one, took the majority of my profit in the $1.70-$1.85 area. I think this thing could ultimately run to $2.00 overall (or maybe more).
A few things: Don’t ever invest in this long-term. Don’t short this for a bit either.”
Looking at his chart, the trader seems to think that Worldcoin is in an uptrend after flipping the 200-day exponential moving average (EMA) into support.
Worldcoin is trading for $1.80 at time of writing, up 0.3% in the last 24 hours.
Next, the trader says that he is closely watching the native governance token of Biconomy (BICO), a network that offers plug-and-play relayer infrastructure to developers, as the token is retesting a key level.
“BICO: Huge move up today, perps (perpetual contracts) announced on Binance. Don’t think I would personally buy this current level (200-day EMA acting as resistance) but keeping an eye on it overall.”
Biconomy is trading for $0.25 at time of writing, up 26.6% in the last 24 hours.
Lastly, the trader says that Terra (LUNA) may, after bouncing off of a key Fibonacci level, retrace gains in the near term before taking off on another rally.
“LUNA: I’m long since .382 fib, but I have bids in the $0.49 area. This is my absolute favorite setup.”
LUNA is trading for $0.49 at time of writing, down 11.8% in the last 24 hours.
Generated Image: Midjourney