Today, a bullish wave is driving the crypto market into the green zone, with global market cap rising by 3.76% to $3.76 trillion. Among notable gainers is Worldcoin, witnessing a price surge of over 20.74%.
Cryptocurrency Market: Current Situation
In the early hours, WLD traded at $1.82, advancing to a high of $2.30. As of writing, Worldcoin trades at $2.20. The daily trading volume has reached $690 million, with a $2.47 million liquidation of WLD observed.
Price Predictions: Potential Breakout
If WLD enters bullish territory, it could face resistance at $2.23. A confirmed retest at $2.28 could solidify upward momentum. Conversely, if bearish sentiment prevails, Worldcoin might retreat to support at $2.16.
Technical Analysis and Worldcoin's Future
The MACD line is above the signal line but both are below zero, indicating potential short-term recovery amid overall bearish trend. The CMF indicator at 0.00 suggests a balanced market pressure.
WLD market sentiment remains neutral with potential for both growth and decline. Analysts continue to monitor the dynamics and caution against trend shifts.
