As Q3 begins, the cryptocurrency market demonstrates impressive recovery, particularly for Ethereum and Worldcoin.
Positive Trends in Ethereum
The cryptocurrency market is continuing to recover after Q2, with Ethereum (ETH) leading the way, surging over 36.5% to trade around $2,575.
Worldcoin Compared to SEI
Worldcoin (WLD) has risen more than 27% in the last 90 days. Notably, WLD is mirroring the fractal pattern seen recently with SEI. After breaking out of a falling wedge and clearing significant resistance levels, SEI soared over 76%. Similar behavior is expected for WLD.
Outlook for Worldcoin
Current attention is focused on how WLD will handle the resistance zone. A successful breakout above the 100-day moving average could lead to a rise towards $1.64, suggesting a potential 70% increase. However, investors should exercise caution due to the possibility of consolidation or a delay in bullish momentum.
Currently, the focus is on the dynamics of Ethereum and Worldcoin, both of which show signs of recovery. However, investors are advised to exercise caution in the current market conditions.
