Worldcoin (WLD) has experienced a strong upward trend since the beginning of September, achieving a significant increase in the past 24 hours. The recent price surge of this altcoin has lifted the price to a five-month high, with WLD nearing the important psychological level of $4.
The positive price trend is driven by new initiatives aimed at boosting growth and increasing acceptance, suggesting that altcoins may continue to rise.
Worldcoin Expands to New Areas
One of the key factors contributing to Worldcoin's rise is the positive divergence seen in the DAA (Daily Active Addresses) metric. This is a strong buy signal, as the divergence indicates that more users are interacting with the platform, which typically leads to higher demand and price increases.
Worldcoin has also launched the new World ID identification information system in Chile, Colombia, Malaysia, and South Korea. This expansion has led to increased demand and greater user participation, further fueling the frenzy.
As the platform attracts more users and expands its utility, the market sentiment around Worldcoin becomes increasingly optimistic. As demand rises, the value of WLD is expected to continue to increase, creating opportunities for both short-term and long-term investors.
The DAA Divergence of Worldcoin. Source: Santiment
The macro momentum of Worldcoin looks promising, with active addresses at the highest level in the past six months. This increase in active participation indicates that investor interest in the project is growing. Increased activity and interaction on the network are often signs of rising demand, which is one of the main reasons pushing the value of WLD up recently.
The increase in active addresses also indicates that Worldcoin is attracting attention in the Cryptocurrency community. As more investors and users interact with the platform, this cryptocurrency is building a solid foundation for ongoing development.
This participation is a direct response to the growing demand for Worldcoin's services, especially the World ID system, which is gaining traction in emerging markets.
Active Addresses of Worldcoin. Source: Santiment
WLD Price Prediction: Heading for Higher Levels
The price of Worldcoin has increased by 20% in the past 24 hours, surpassing the important support level of $3.36. This increase has pushed WLD to a five-month high, indicating a strong upward trend. With the support level of $3.36 now solid, WLD has the opportunity to push higher, potentially reaching back to $4.00.
The next target for Worldcoin is the resistance level of $4.00, which could be key for continued growth. If the price can surpass this level, it may signal a new bullish phase, attracting more investors and increasing confidence in the project. As acceptance continues to rise, especially with the expansion of World ID, WLD could continue to climb, reaching new milestones.
Worldcoin Price Analysis. Source: TradingView
Looking ahead, if the current momentum continues, Worldcoin may see additional earnings in the coming weeks. The combination of increased acceptance and positive market sentiment indicates that this cryptocurrency is well-positioned for long-term growth.
However, if WLD loses support from the $3.36 level, the price could drop to $2.78. Losing this support will completely invalidate the bullish argument.
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