⭐Worldcoin nears 30% rise before Apple's WWDC
Worldcoin price is positive on the daily and four-hour charts.
The four-hour, short-term aim is $6.39, while the daily chart predicts $8.85.
Worldcoin (WLD), a digital identity platform token, is coiling up on the lower and upper timeframes, signaling a dramatic breakout. WLD, established by OpenAI's Sam Altman, has been influenced by AI advances like OpenAI's frontier models and Nvidia's revenues. Thus, Apple's WWDC 2024 might boost the cryptocurrency.
Worldcoin top-down analysis
Daily Worldcoin price is forming a double bottom. Two separate V-shaped reversal zones exist in this motif. First bottom on April 14, second on May 27. After WLD breaks $6.39 and turns it into support, the double-bottom trade setup is complete. This would confirm a setup breakthrough and estimate a 35% rise to $8.84.
Calculate the objective by adding the initial swing low depth to the breakout point. First bottom depth was 35%, and the breakout point is estimated at $6.39.
The Relative Strength Index (RSI) rising over 50 or retesting it from a point of strength and the Awesome Oscillator (AO) moving above 0, would imply a big bullish momentum surge if $6.39 flips. This situation would certainly cause Worldcoin price volatility.
While $8.84 seems lofty, WLD might calm down at $7.82, the halfway of the 65% drop that formed the initial bottom.
Worldcoin price has established a triple tap setup on the 4-hour chart, which normally includes three swing lows with the center swing point lower than the other two. The swing lows are similar on both sides..
WLD's breakthrough over $5.08 might launch a 16% rise to $5.95, the first target. The digital identity platform token might revisit $6.39 daily barrier above this level. This would increase by approximately 30% from $5.00.
Both momentum indicators show positive momentum, confirming this forecast.
A lower bottom if Worldcoin price falls below $4.59 would contradict the bullish argument for WLD. WLD might fall by roughly 9% to $4.20.
