Will Worldcoin’s WLD Token Price Hit $5 This Month?

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.

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