Bullish Flag Pattern Sets Worldcoin Price Rally To $12

The formation of a bullish flag pattern hints the buyers take a minor pullback before an aggressive up rally.

The correction trend above 50% FIB reflects the buyers remain an active force in influencing this asset.

The intraday trading volume in Worldcoin is $1.09 Billion, indicating a 13% loss.
Amid the current mark correction trend, the Worldcoin price witnessed an immediate reversal from the high of $11.97. Within two weeks, the WLD value tumbled 31% to currently trade at $8.25, and the market cap plunged to $1.28 Billion. As Bitcoin price is yet to show a sustainable rebound, the altcoins are at risk of further downfall.

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Analyzing the daily chart shows, that the Worldcoin price resonates within two parallel trendlines resembling the formation of a channel or flag. While the prevailing trend was strong and bullish this pattern provides a minor correction for buyers to recuperate strength.
Adding to the bullish note, Worldcoin has announced the implementation of a new feature known as Personal Custody, marking a significant step in its user data security protocols. 

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