Worldcoin (WLD) has shown a notable increase of 8.93% against the US Dollar in the last 24 hours, outperforming the broader cryptocurrency market, which saw a 9.27% rise. Despite this short-term gain, the coin is trading 20.21% below its predicted value for October 10, 2024, indicating a potential overestimation in previous forecasts.

Over the past month, Worldcoin has gained 28.96%, yet it remains 6.40% down over the last three months, reflecting a bearish medium-term trend. The long-term outlook is slightly more positive with a 20.01% increase over the past year. However, the coin's high volatility and mixed technical indicators suggest caution.

The Fear & Greed index currently reads Neutral at 49, indicating a balanced but uncertain market sentiment. Key support levels are identified at $1.62, $1.54, and $1.49, while resistance levels are at $1.75, $1.80, and $1.89. Given the unpredictable nature of the cryptocurrency market, investors should remain cautious and consider the inherent risks.