Worldcoin (WLD) has been on a strong uptrend since September and has reached a five-month high with its momentum in the past 24 hours.
The price of the AI coin#WLDis approaching a critical threshold of $4. This positive price movement comes alongside the project’s recent upward price movements and the rise of #Ethereum. The continuation of the AI trend has increased the expectations for the popular altcoin.
One of the important reasons behind this surge in Worldcoin is the positive deviation in the DAA (Daily Active Addresses) price index. This indicates that more users are interacting with the platform, and this surge usually leads to an increase in demand and price.
Worldcoin has also started expanding into regions like Chile, Colombia, Malaysia, and South Korea with its new identity system called World ID. This move has allowed the platform to attract more users and increase engagement. This expansion stands out as one of the biggest factors supporting the rise in the price of WLD.
WLD price surged 20% in the past 24 hours to break the critical support level of $3.36. This surge pushed Worldcoin to a five-month high, indicating a strong uptrend. Currently, $3.36 is the support level, creating room for WLD to rise towards $4.
The next target is the resistance level of $4. If this level is broken, the price is expected to enter a new bullish phase and attract more investors. Especially with the increasing adoption of the World ID system, $WLD has a high potential to reach new milestones.
However, if WLD loses the $3.36 support, the price may drop to $2.78. In this case, the current bullish scenario may be completely invalidated.
