The post Will Worldcoin’s WLD Token Price Hit $5 This Month? appeared first on Coinpedia Fintech News
With the cryptocurrency market maintaining dominance above the $3T valuation, Worldcoin is jumping back with increased momentum. As the demand for altcoins increases with rising investors’ risk appetite.
As the bearish influence recedes, Is the WLD price aiming for the $5 breakout? Let’s find out in this detailed analysis.
Worldcoin Price Analysis
In the one-day chart, the WLD price movement showcases a falling channel breakout rally gaining momentum. Based on the Fibonacci levels, the uptrend has exceeded the 23.60% Fibonacci level at $2.28.
The recovery rally has surpassed the 200-day EMA and is now challenging the 38.20% Fibonacci level at the $3 psychological mark. Currently, it is trading at $2.92 following the 15% surge last night.
With a new bullish engulfing candle, the overall sentiment has significantly improved around WLD. As it challenges a long-standing resistance level at the $3 psychological mark, the rounding bottom reversal in WLD teaches a breakout rally.
Technical Indicator:
EMA: The merged 50-day and 100-day EMA lines are on the verge of giving a bullish crossover and have significantly increased the golden crossover chances.
MACD: The MACD and signal lines demerge in a bullish alignment with a surge of positive histograms. Hence, the technical indicators give a buy signal for WLD.
Will WLD Price Top $5?
Based on the Fibonacci levels, the rounding bottom breakout rally will result in a parabolic move in WLD. The targets above the $3 mark are at $5.14 and $7.42. On the flip side, the crucial support remains at $2.23.
Will the Worldcoin price surpass $5? Find out now in Coinpedia’s WLD price prediction.
FAQs
WLD is trading at $2.92, following a 15% surge.
WLD is forming a rounding bottom pattern and has broken out of a falling channel, signaling a potential bullish rally.
The key resistance levels are the $3 psychological mark, $5.14, and $7.42 (based on Fibonacci levels).