The cryptocurrency industry continues displaying bullish price action, indicating increased buying pressure within the crypto space. Moreover, top altcoins successfully recorded a bullish reversal in their respective charts, suggesting a positive outlook for the market this week.
On the other hand, the WLD price has successfully concluded the previous week on a bullish note adding approximately 27% to its portfolio. Moreover, the altcoin has recorded a jump of 16.24% within the past day, highlighting a positive start to the week.
After displaying a neutral trend for the first month of 2024, the Worldcoin price witnessed a significant surge in its valuation as the bullish sentiments for the AI category increased. This resulted in the WLD token jumping over 455% and recording a new all-time high (ATH) of $11.820 on 10th March.
Following this, the bulls lost momentum and recorded a correction of 62.775% in valuation. Since then, the Worldcoin token has been trading in a closed range between $4.40 and $6.025.
Positively, the EMA 50-day shows a bullish convergence in the 1D time frame, suggesting a high possibility of positive price action for this altcoin in the coming time.
The technical indicator, MACD, displays a rising green histogram, indicating a strong positive influence in the crypto industry. Furthermore, the averages show a bullish curve, suggesting the price will continue gaining value during this week.
If the bulls push the WLD price above the resistance level of $6.025, it will continue rising and test its upper resistance level of $7.650 this week. Maintaining the price at that level will set the stage for Worldcoin price to attempt to test its upper high of $9.160 over the upcoming weekend.
Conversely, if a bearish trend reversal occurs, the WLD token will lose momentum, start trading under a negative price sentiment, and fall toward its crucial support level of $4.40.
GameStop Corp. (NYSE: GME) has announced the pricing of its upsized sale of convertible senior…
The United States Securities and Exchange Commission (SEC) has continued postponing decision-making on spot crypto…
The United States Securities and Exchange Commission (SEC) and Ripple Labs filed another motion to…
Coinbase Global Inc., (NASDAQ: COIN) has unveiled more enticing features and products to lure more…
Bitcoin (BTC) price has continued to glide higher in the weekly and monthly timeframes despite…
While the major tokens are struggling to shed the accumulated selling pressure, Hyperliquid attracts a…
