Worldcoin (WLD) has been on a strong uptrend since early September, gaining significant momentum over the past 24 hours. The altcoin’s recent gains have pushed its price to a five-month high, with WLD approaching a crucial psychological level of $4.
This positive price performance is being driven by new initiatives aimed at boosting growth and increasing adoption, suggesting that the altcoin may continue its upward trajectory.
World Coin reaches new regions
One of the major factors contributing to Worldcoin’s rise is the positive divergence seen in the DAA (Daily Active Addresses) indicator. This is a strong buy signal, as the divergence shows that more users are engaging with the platform, which often leads to increased demand and higher prices.
Worldcoin also launched its new World ID passport certification system in Chile, Colombia, Malaysia, and South Korea. This expansion has led to increased demand and greater user engagement, further fueling the surge.
As the platform attracts more users and expands its utility, the overall market sentiment around Worldcoin has become more optimistic. As demand grows, the value of WLD is expected to continue to rise, creating additional opportunities for short- and long-term investors.
The overall momentum for Worldcoin appears promising, with active addresses currently at a six-month high. This surge in active participation indicates that investor interest in the project is growing. Increased activity and participation on the network is often an indicator of increased demand, which has been one of the main drivers of WLD’s recent price surge.
The rise in active addresses also indicates that Worldcoin is gaining momentum within the cryptocurrency community. As more investors and users engage with the platform, the cryptocurrency is building a solid foundation for continued growth.
This interaction is a direct response to the growing demand for Worldcoin services, especially the World ID system, which is gaining momentum in new markets.
WLD Price Prediction: Going Higher
Worldcoin price is up 20% in the past 24 hours, breaking through the critical support level of $3.36. This surge pushed WLD to a fresh five-month high, indicating a strong uptrend. With the support at $3.36 holding, WLD has room to rise further, possibly reclaiming the $4.00 level.
The next target for Worldcoin is the $4.00 resistance, which could be pivotal for its continued growth. If the price manages to break through this level, it could signal a new phase of price appreciation, attracting more investors and boosting confidence in the project. As adoption continues to grow, especially with the expansion of World ID, WLD could continue to rise, hitting new milestones.
Looking ahead, if the current momentum continues, Worldcoin could see additional gains in the coming weeks. The combination of increased adoption and positive market sentiment suggests that the cryptocurrency is well positioned for long-term growth.
However, if WLD loses the $3.36 support, it could drop to $2.78. Losing this support will completely invalidate the bullish hypothesis.
