Over the past 24 hours, Worldcoin's price increased by more than 12%, reaching $2.90. This has allowed the cryptocurrency to secure a weekly gain of over 28%, capturing the attention of traders and investors.
Current Market Analysis of Worldcoin
Worldcoin price is trying to establish a position above the $2.7969 mark after breaking above the technical barrier in the last 24 hours. If it maintains this position for the next 12 hours, it might continue rising in an ascending channel to $3.0040. Alternatively, should the price fall below $2.7969, the crypto might expose itself to the risk of testing support at $2.5734.
Technical Indicators Favor Bulls
Technical analysis indicates that Worldcoin's short-term Exponential Moving Averages (EMA) are bullishly aligned, with the 9 EMA above the 20 EMA, indicating a positive trend. The MACD line is also above the MACD Signal line, which is typically seen as an indicator of bullish momentum.
New Project: A Chance for Investors
While Worldcoin gains interest, a new meme coin called Flockerz (FLOCK) is nearing the $4 million mark in presale. The project offers its participants a say in major decisions through the decentralized autonomous organization (DAO) named Flocktopia and promises significant staking yields of 618% per annum.
Worldcoin is showing robust growth supported by favorable technical indicators. Investors are keeping a close watch on further developments, with the emergence of new projects like Flockerz highlighting sustained activity in the crypto markets.
