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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.
- Nov 29, 2024 11:05 UTC
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Will Worldcoin’s WLD Token Price Hit $5 This Month?
With an intraday growth of 2.19%, the WLD price teases a bounce back.
The AI token forms a morning star pattern in the daily chart.
An uptrend continuation could pump the WLD price to $3 this week.
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.
FAQs
WLD is trading at $2.92, following a 15% surge.
WLD is forming a rounding bottom pattern and has broken out of a falling channel, signaling a potential bullish rally.
The key resistance levels are the $3 psychological mark, $5.14, and $7.42 (based on Fibonacci levels).
Yes 
No 
