The post Worldcoin Price Breaks Key Resistance, $1.33 Target Coming Soon? appeared first on Coinpedia Fintech News
Worldcoin price has shown a jaw-dropping rally, defying weeks of sideways trend and breaking out with full conviction. The WLD token is up 23.83% since yesterday and more than 43% over the past week, pushing its market cap to $2.52 billion. With intraday trading volume near $952 million, the price surge is attention from traders and retailers alike.
This breakout comes at a critical time, as Worldcoin’s rapid adoption and user verification growth meet at a junction with regulatory scrutiny. The momentum above $1.20, has sparked fresh bullish bets, with many wondering how far this rally can extend. If you are one among them, then this price analysis is a must read.
WLD Price Analysis
At the time of press, WLD token is trading across exchanges at $1.26, just below of its 24-hour high of $1.30. The breakout is technically strong, as the token has cleared both its 7-day SMA at $0.92 and its 30-day EMA at $0.96. This alignment, now signals loud bullish strength after weeks of being mute.
Fostering the trend, the MACD histogram flipped positive for the first time since August 25. The rally above $1.20 resistance opened the doors to an upside potential, with the next key level to watch being the Fibonacci extension at $1.33. If the bulls keep the pressure running high, a move toward $1.39 is definitely possible in the short term.
However, on the darker side, traders should stay vigilant of a potential pullback. The RSI on the 4-hour chart has spiked to 88.8, placing WLD in overbought territory. Sustained closes above $1.30 would strengthen the case for continued gains, but failure to hold this level could trigger profit-taking. Immediate support lies near $1.13, while a deeper retracement may retest the breakout zone around $0.90–$0.97.
On-Chain and Ecosystem Developments
Beyond price action, Worldcoin continues to expand its user base. In the week ending August 15, the project added 261,051 new verified users, bringing the total number of Orb-scanned IDs to nearly 14 million. This growth reminds us of the rising adoption, but regulatory pressure is persistent.
Successively, China’s August 14 warning on biometric data risks puts projects like Worldcoin under added scrutiny. While user growth is a bullish fundamental, regulatory headwinds could weigh on sentiment if oversight intensifies.
FAQs
Worldcoin price surged after breaking the $1.20 resistance, supported by higher trading volume, bullish technical signals, and strong user adoption metrics.
Upside targets are $1.33 and $1.39, while downside support rests at $1.13 and $0.90.
Yes, the RSI reading above 88 suggests WLD is overbought in the short term, raising the chance of a pullback before further gains.