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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Dec 06, 2024 11:19 UTC
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WLD Price Teases Rounding Bottom Breakout: Next Target $6.62?
Worldcoin challenges the neckline of a rounding bottom at $3.80, hinting at a potential breakout to $5 and beyond.
Positive MACD alignment and rising histograms indicate strengthening bullish momentum in WLD.
Fibonacci levels point to $5 and $6.62 as the next price targets, while support lies at $3.60 and $3.25.
Amidst the broader market recovery, the Worldcoin recovery run gains momentum. Teasing a breakout run of a rounding bottom, the WLD price action teases a skyrocketing move ahead.
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
With a five-day-long bullish rally, the Worldcoin Price trend showcases a rounding bottom pattern. In the weekly chart, the WLD price challenges the rounding bottom pattern’s neckline at 23.60% Fibonacci level.
Currently, the WLD price is trading at $3.777, with a surge of 11.14% this week. The neckline of the Rounding Bottom pattern coincides at $33.80. If the WLD price maintains a closing price above this level, the bullish trend is expected to continue.
Furthermore, the recovery run over the past five days accounts for a more than 150% surge.
Worldcoin Technicals and Price Targets
With the bullish turnaround, the MACD and signal lines have aligned positively. Furthermore, the bullish histograms are gradually increasing in height. Hence, the trend indicator showcases a surge in bullish momentum.
Based on the Fibonacci levels, the bullish trend showcases the next price target for the breakout rally at the 50% Fibonacci level at $6.62. In case of a bearish fall, the crucial support levels are present at $3.60 and $3.25.
Will the Worldcoin price surpass $5? Find out now in Coinpedia’s WLD price prediction.
FAQs
Can WLD reach the $5 target?
Yes, if Worldcoin breaks the neckline at $3.80 and sustains bullish momentum, the $5 target is likely, with $6.62 as the next Fibonacci target.
What is Worldcoin’s key support level?
Critical support levels for WLD are at $3.60 and $3.25, which could cushion any bearish retracements.
What is Worldcoin’s current price?
Worldcoin is trading at $3.777, marking an 11.14% weekly gain and a 150% surge over the past five days.
Yes 
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