Worldcoin reaches a 5-month high: Analysis of the future price trend of $WLD
Have you heard? WLD has recently been on fire! In just 24 hours, it surged by 14.36%, which is simply astonishing.
This wave of increase for WLD is strong, directly setting a new 5-month high. Just think, a month ago, it was still hovering at a low of $1.5, and now it has shot up to a high of $3.6, which is truly impressive.
Although the trading price of WLD has now fallen back to $2.88, the increase in one day still gets the adrenaline pumping. Moreover, this altcoin is showing a remarkable upward trend on both the weekly and monthly charts, with increases of 26.27% and 38.18% respectively, which is hard to argue against.
However, that being said, WLD is still quite a distance from its all-time high of $11.82, which is about 75.7% away. This naturally raises curiosity about whether this recent surge for WLD is just a flash in the pan or if it will continue to rise.
You wouldn't believe it, but there are indeed many analysts who are optimistic about WLD's future. For example, Ali Martinez predicts that WLD can continue to rebound to $4. This is not unfounded; just look at the open contracts for WLD, which have reached a historical high of $433.9 million, indicating that investors are actively opening positions.
Additionally, the number of large transactions for WLD has surged from 90 to 140, showing that big players are actively participating. Moreover, the number of daily active addresses has also soared to an 8-month high of 1.5k, indicating that interest in WLD is growing stronger.
Most importantly, the exchange flow balance for WLD has dropped to negative values, which shows that people are withdrawing WLD from exchanges rather than depositing it. Doesn't this indicate that everyone is optimistic about WLD's future performance and is looking to hold long-term?
Therefore, I personally feel that Worldcoin is currently in a bull market, and it will definitely continue to rise on the price charts in the future. Of course, market conditions are unpredictable, but based on the current situation, if WLD breaks through the resistance level of $3.24, who knows, it might just soar to $3.89! Let's wait and see!
Preemptively position in potential coins, like + comment, keep up with my rhythm, and make a fortune in this bull market!
