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.
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.
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.
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.
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