🔥 Can Worldcoin (#WLD ) Break Resistance After Recent Market Rally?

Worldcoin (WLD) is currently trading at $1.68, marking a 5.93% increase in the last 24 hours, driven by improving market sentiment. The recent price movement followed a bounce from the previous support at $1.475, suggesting renewed bullish momentum. The broader market has responded positively to a 50 basis point (bps) rate cut announcement, which has sparked optimism across risk assets, including WLD.

WLD is currently positioned in a favorable technical environment. With strong resistance at $1.849 and the potential to test $1.990 if the momentum continues. However, market volatility remains a key factor, and traders should monitor how WLD responds to broader market trends and developments.

WLD’s market cap has risen 6.62%, reaching $777 million. The trading volume has surged by 86.74% to $171.6 million, pointing to growing interest from investors. With a market cap ratio of 22.02%, Worldcoin shows strong liquidity, which is crucial for maintaining upward momentum.

Key resistance levels for WLD are observed at $1.849 and $1.990, while the immediate support level remains at $1.475. Technically, WLD’s Relative Strength Index (RSI) is at 57.70, higher than the average RSI of 50.07, indicating a potential bullish trend. The token’s moving average of $1.559 further supports the notion of an upward trajectory in the short term.

🔸 Recent Developments Driving WLD

Worldcoin has recently made significant strides, including the introduction of its facial recognition system on Sep 20 , “Face Auth”. It aims to enhance security for users of its World App. This innovation has led to a 7% increase in WLD’s price. This technology offers improved fraud detection for users on decentralized platforms.​

Additionally, Worldcoin’s expansion into Poland with its World ID system has driven market interest, as it allows users to verify their identity in a privacy-preserving way. This integration has positively impacted WLD’s price.

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