Worldcoin (WLD) is showing positive trends in the cryptocurrency market. In the last 24 hours, trading volume has increased by 40.88%. This article examines the technical aspects and factors driving the token's growth.
Worldcoin's Technical Analysis
Worldcoin (WLD) has seen a 3.07% increase in the last 24 hours, currently trading at $1.13. The three-day chart indicates a bullish change of character, confirming a base formation above the bullish order block. Bulls have defended this level, with an accumulation range between $0.93 and $1.03.
Factors Driving Worldcoin's Growth
With the digital economy expanding, the importance of digital identity is increasing. Worldcoin is backed by OpenAI and has the potential to be a significant player in the digital identity space. This lays the foundation for long-term investments and accumulation among market participants.
Future of Worldcoin
The analysis shows that the next accumulation level lies in the $1.29-$1.45 range. A breakout above this could lead to Worldcoin rallying towards $2.30 with a medium-term target at $5.
Worldcoin exhibits strong technical signs of accumulation and growth amid rising interest in digital identity. Future prices will depend on its success in overcoming key resistance levels.
