Worldcoin (WLD) Price Soars as Artificial Intelligence Hypes! Will WLD Price Touch $9 in May?
The cryptocurrency industry continues to show bullish price action, indicating increased buying pressure within the crypto space. Moreover, the top altcoins have successfully recorded bullish reversals in their respective charts, indicating a positive market outlook for this week.
On the other hand, WLD price successfully ended its bullish run last week, adding about 27% to its portfolio. Moreover, the altcoin has gained 16.24% within the past day, highlighting a positive start to the week.
WLD Price Suggests Bullish Price Action This Week:
After a neutral trend in the first month of 2024, Worldcoin’s valuation has surged as bullish sentiment in the artificial intelligence category has increased. This has led to a surge of more than 455% in the WLD token, which hit an all-time high (ATH) of $11,820 on March 10.
Since then, the bulls lost momentum and the valuation has corrected by 62.775%. Since then, the Worldcoin token has been trading in a closed range between $4.40 and $6.025.
On the positive side, the 50-day EMA shows a bullish convergence on the 1D time frame, indicating that the altcoin has a high chance of seeing positive price action in the coming period.
The technical indicator MACD shows rising green bars, indicating a strong positive influence on the cryptocurrency industry. Moreover, the moving averages show a bullish curve, indicating that the price will continue to rise this week.
Will the Worldcoin price rise?
If the bulls push the WLD price above the $6.025 resistance, it will continue to rise this week and test its overhead resistance at $7.650. Sustaining the price at this level will set the stage for the Worldcoin price to attempt to test the high of $9.160 in the coming weekend.
On the contrary, if there is a bearish trend reversal, the WLD token will lose momentum, start trading under negative price sentiment, and fall towards the critical support of $4.40.
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