The Worldcoin price surged past the crucial $10 mark and set a new all-time high of $11.02 on Saturday. Moreover, the price surge indicates a breakout pattern in the daily chart, suggesting a prime opportunity for traders waiting on the sidelines to make their move.
The WLD coin re-entered the recovery trend in mid-week when the price rebounded from the $5.6 support. This dramatic pivot resulted in a 92% surge in Worldcoin, solidifying its bullish dominance with a milestone at $10.
Notably, Worldcoin has continued to rally despite an ongoing investigation by the South Korean government into the project’s activities. According to reports, regulators in Korea are scrutinizing Worldcoin’s overseas transfer of personal information under the Personal Information Protection Act. However, the cryptocurrency’s recent performance leaves users wondering if this bullish trend will last.
With the bullish breakout rally, the pivot points project strong targets on the upside. With the next target at $13.25, the WLD price is on a rally and puts an upside potential of 24%. However, a potential retest of the supply line breakout can result in a pullback to $9.4.
Pivot Levels: The traditional pivot level marks the immediate resistance of the WLD price at $13.65 and $17.8
Average Directional Index: The ADX slope, standing at 44%, indicates strong bullish momentum which could be nearing its peak of intensity.
This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.