Worldcoin has seen a significant increase in trading volume over the past few hours, pushing the price up sharply by more than 15% at the start of this week’s trading. Trading volume surged from $175 million to $350 million. Worldcoin recently partnered with DUNE, which aims to improve data accessibility on its platform World Chain. This may have made market participants optimistic about the next price action, so it is believed that WLD prices will remain high for the rest of the week.

Since the price faced a massive correction of over 80%, bulls have been trying to validate a bounce off the lows. However, by breaking above the critical range around $2, the coin validated an up move beyond the bearish influence. Therefore, it is now believed that WLD price will maintain a strong uptrend in the coming days and eventually achieve the first target of $3.

As shown in the above chart, WLD price has started a parabolic rally as the curve provides a strong support base. Moreover, the RSI remains confined within an ascending parallel channel, so gains within the overbought region could push the price to the next target near $3. However, the supertrend has just turned bullish, confirming the bullish narrative.

Trading volumes on the platform remain relatively high, so volatility may rise significantly. Therefore, the price level is also likely to rise significantly, possibly triggering a further 30% increase to $3. Worldcoin (WLD) price is currently testing the key resistance at $2.3778, and a move above $2.38 to $2.4 could rekindle a strong uptrend towards the target.