Worldcoin (WLD), a project focused on artificial intelligence, is being touted as the best alternative for those who missed out on the recent ONDO rally. According to crypto analyst Behdark, WLD is poised for a price surge, with targets suggesting a potential 200% increase from its current levels.
Technical Analysis
Behdark has provided a detailed technical analysis supporting their bullish outlook on Worldcoin. According to their analysis, a large bullish diagonal price structure has formed on the WLD chart, indicating a potential for a substantial upward move.
From the chart, we can see that Wave E and Wave F bounced off a strong support level around $4.5, with waves a through f forming a series of downward slopes and supports. Now, the price seems to have confirmed this support again, potentially setting the stage for a major spike.
The analyst notes that Wave F, which is a diametric pattern, appears to be nearing its end, with the current price action representing the final stages of wave g. This setup suggests that a bullish Wave G could be on the horizon, potentially propelling WLD to new heights.
Behdark expects Wave G to drive WLD’s price from its current level of around $4.5 to $15, representing a 200% increase. However, they caution that any daily candle closing below the invalidation level could invalidate the analysis.
While technical analysis is a crucial component of Behdark’s prediction, they also highlight Worldcoin’s fundamentals as a driving force behind the potential price surge. As an AI-focused project, Worldcoin operates in a rapidly growing and highly promising sector, which could contribute to its bullish price action.
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Risk Management
Despite the optimistic outlook, Behdark emphasizes the importance of risk management for traders and investors. They advise implementing stop-loss orders and adhering to sound capital management principles to mitigate potential losses. Additionally, they recommend booking profits at key levels and adjusting stop-loss orders accordingly to protect gains.
With a compelling technical analysis and strong fundamentals in the AI sector, WLD presents an intriguing prospect for traders and investors alike.
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The post Worldcoin (WLD) Emerges as Promising Alternative After ONDO’s Rally: Analyst Predicts 200% Surge, Here’s the Outlook appeared first on CaptainAltcoin.