As the popularity of cryptocurrencies increases, Worldcoin shows significant growth. Let's see if WLD's price can reach $5.
Current Worldcoin Price Analysis
In the one-day chart, the WLD price movement showcases a breakout rally from a falling channel, gaining momentum. Based on Fibonacci levels, the uptrend has exceeded the 23.60% level at $2.28. The recovery rally has surpassed the 200-day EMA and is now challenging the 38.20% Fibonacci level at $3. Currently, it is trading at $2.92 following the 15% surge last night.
Potential WLD Growth
Based on Fibonacci levels, the rounding bottom breakout rally could result in a parabolic move in WLD. The targets above the $3 mark are at $5.14 and $7.42. On the contrary, the crucial support remains at $2.23.
Technical Indicators and Forecast
EMA: The merged 50-day and 100-day EMA lines are on the verge of a bullish crossover, significantly increasing golden crossover chances. MACD: The MACD and signal lines diverge in bullish alignment with a rise in positive histograms, providing a buy signal for WLD.
The current trend indicates potential growth for Worldcoin, with key targets at $5.14 and $7.42. However, investors should watch closely the support level at $2.23.
