The Worldcoin Price Surges 20% As This New Canine-Themed AI Meme Coin Presale Blasts Past $1 Million#altcoins #BlackRock #CryptoWatchMay2024 #BTC #bitcoinhalving The Worldcoin price has soared 20% in the past 24 hours to trade for $6.419 as of 04:36 a.m. EST on trading volume that soared 107%. Notably, the Worldcoin ecosystem also added a new World Chain category to Wave1 grants program. This adds to the list of fundamentals that continue to drive the WLD price.

Worldcoin Price Prediction

The Worldcoin price is trading with a bullish bias, boasting successive higher highs since May 2 on the one-day timeframe. It comes after the AI crypto coin executed a bullish reversal technical formation, the descending wedge pattern. The target objective of this formation is a 76% move from the breakout point.

Increased buying pressure could see the Worldcoin price extend the climb past the $7.156 roadblock to the forecasted 76% target objective at $8.838. In a highly bullish case, the WLD price could extend the climb to the $9.532 barricade. A decisive candlestick close above this resistance level would bring the altcoin closer to reclaiming the $11.972 range high.

The Relative Strength Index (RSI) is also recording higher highs and higher lows, evidence of rising buying pressure. Its position above the 50 mean level shows bullish sentiment abounds and the fact that it remains well below the mean level of 70 shows there is still more room to the upside before WLD is considered overbought. On the other hand, if the bears recover the market, the Worldcoin price could drop, falling back below the foothold of the falling wedge. In a dire case where the price loses support due to the $3.269 buyer congestion level, the bullish thesis would be negated.

Meanwhile, amid ongoing AI crypto coin madness, WAI is also hitting milestones as the new canine-themed AI meme coin presale blasts past the $1 million threshold