World, formerly known as Worldcoin, sees significant growth of its native token WLD following the pilot launch of World ID Passport Credential in several countries.
WLD Price Surge and New Feature Launch
After announcing the launch of World ID Passport Credential in countries such as Chile, Colombia, Malaysia, and South Korea, WLD surged by 19%, reaching $3.03 before settling at $2.88. This growth was driven by the feature allowing NFC-enabled passports to be linked with World ID without the need for iris scanning.
Analysts on WLD's Growth Potential
Analysts speculate that WLD could reach $12. Experienced traders noted the formation of an ascending triangle on the price chart, often signaling continued growth. One analyst highlighted that a breakout above the $2.8–$3 resistance zone could yield up to 50% gains in the short term.
Current Dynamics and Technical Analysis
The 24-hour chart shows WLD trading above the upper Bollinger Band, indicating strong buying activity. The Relative Strength Index (RSI) is at 65, and the Average Directional Index (ADX) is 27, suggesting potential for further growth.
The launch of the World ID Passport Credential has sparked significant interest in the WLD token, supporting its price rally. Analysts anticipate further strengthening of the token's position amid ongoing investor focus on altcoins.
