- Worldcoin is trading at $1.34, following a 12% jump.
- WLD’s daily trading volume has surged by over 60%.
Today, the trading day opened with a 1.45% bullish spike, pushing the crypto assets to light the green candlesticks. With the global market cap jumping to $3.95 trillion, the Fear and Greed Index value is stationed at 70, displaying greed across the market. Notably, Worldcoin (WLD) has emerged as one of the top gainers, with a price surge of over 12.94%.
If the Worldcoin price could breach the upcoming crucial resistance levels, more upside gains are expected. A sudden rejection might cause the asset to shed its gains, slipping toward its former lows. In the early hours, WLD traded at a bottom range of $1.17. Later, as the potent bulls stepped in, the price ascended to a peak around the $1.40 mark.
As reported by the CMC data, Worldcoin traded within the $1.34 range at the time of writing, with its market cap reaching $2.40 billion. In addition, the daily trading volume of WLD has surged by over 60.71%, touching $617.4 million. According to the Coinglass data, the market has witnessed a $1.78 million worth of Worldcoin liquidation over the last 24 hours.
Will the Worldcoin Bulls Charge Toward a Breakout?
The technical assessment of Worldcoin exhibits that the Moving Average Convergence Divergence (MACD) line has crossed above the signal line. This crossover points to the momentum shifting upward, with the potential for further price gains. Besides, the Chaikin Money Flow (CMF) indicator value settled at 0.07, which implies a mild buying pressure in the market. Also, the asset is being accumulated, and that money is flowing into the asset.
Worldcoin’s four-hour trading pattern shows an active uptrend, having entered the bullish zone. The price could climb and meet the initial resistance at the $1.40 range. A confirmed bullish retest above the $1.46 mark might boost the correction on the upside and trigger the golden cross emergence, eyeing more gains.
On the flip side, if the bullish sentiment turns bearish, the asset might shed its recent gains and plummet to bring in a test at the nearest $1.28 support. Assuming this price level fails to hold its ground, a potential downside correction could loom, and push the formation of a death cross, sending Worldcoin below $1.21.
Moreover, the ongoing market sentiment of the asset is positive and may approach the overbought territory, with the daily Relative Strength Index (RSI) found at 64.81. There is still more room to move higher before a pullback. Worldcoin’s Bull Bear Power (BBP) reading of 0.14088 signals that the bulls are in control of the current market. The price would move above, showing buying interest.
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