thenewscrypto.com
- Worldcoin is trading at $2.20, with a 20% surge over the last 24 hours.
- $WLD shows no clear dominance of either bullish or bearish momentum.
Today, a bullish wave has driven the crypto market into the green zone, with the global market cap jumping 3.76% to $3.76 trillion. Worldcoin ($WLD) is one of the notable gainers, witnessing a price surge of over 20.74%.
Analysts anticipate the Worldcoin price to breach the next crucial resistance to gain double-digit in the upcoming days. Meanwhile, the rejection in the $2.70 range caused Worldcoin to shed off its gains, bringing back the price to its former levels.
In the early hours, $WLD began trading at $1.82 and advanced to a high of $2.30. As per CMC data, Worldcoin traded at $2.20 at the time of writing. The asset’s daily trading volume has reached $690 million. Notably, the market observed a $2.47 million worth of $WLD liquidation during this timeframe.
In the past seven-day price chart, the asset has recorded a gain of over 8.88%. At the beginning of the week, $WLD traded at a low of $2.02, after which the price climbed to a high of $2.36.
Can $WLD Bulls Push for a Breakout?
Worldcoin’s four-hour price chart reports the overall downtrend. If the asset enters bullish territory, it could likely meet the immediate $2.23 resistance. A confirmed retest at the $2.28 mark could solidify the momentum, pushing $WLD for higher price targets.
Conversely, if the bullish outlook turns bearish, Worldcoin might lose its recent gains and plunge to test the support at $2.16. If this price level fails to hold, a prolonged downside risk could emerge, and the asset could drop toward the $2.09 mark.
Moreover, the Moving Average Convergence Divergence (MACD) line is above the signal line, but both lines are positioned below the zero line. This indicates a potential short-term recovery within an overall bearish trend.
In addition, the Chaikin Money Flow (CMF) indicator is at 0.00, suggesting a balance between the buying and selling pressure—with no clear dominance in the market. Meanwhile, Worldcoin’s daily trading volume has increased by over 34.26%.
The in-progress market sentiment of Worldcoin is in the neutral zone, with the daily relative strength index (RSI) settled at 59.49. Besides, the daily frame of the asset displays the short-term 9-day MA below the long-term 21-day MA at $1.99 and $2.02, respectively.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.