Can the rise of Worldcoin (WLD) continue?
The price of Worldcoin (WLD) seems to be on an upward trajectory now, but the overall market changes have slowed it down a bit.
However, the good news is that as long as there is enough investor support and the price of WLD remains at a certain important price point, it is likely to continue to rise.
Investors in Worldcoin are optimistic
Although the market has cooled down a bit recently, causing the price of WLD to fall a bit, it looks like it is preparing to rebound.
Why? Because even if the price has adjusted, WLD holders are still optimistic about it, especially those "big whale" investors who own a large amount of WLD. Instead of reducing, they are accelerating their purchases. In the past week, investors who own 100,000 to 1 million WLD have bought a total of more than 2 million WLD, which cost them $11.6 million. This is a strong signal that they believe WLD will continue to rise.
In addition, it is not just big whales, but ordinary small investors are also active. More and more people are starting to trade WLD, and the price is slowly rising, which gives us a clear buy signal.
Predicting the price of WLD
Right now, the price of WLD is $5.8. When it rebounds from a low, returns to that low, and then rebounds again, we say that it forms a "double bottom" shape, which usually means that the price is about to start to rise.
According to this shape, the price of WLD may rise from the current $5.8 to $6.8, an increase of about 22%.
However, if the price of WLD falls below the important price point of $5.6, it may fall to $5.0 again. If it falls below $5.0 again, the previous bullish prediction may not be accurate, and it may continue to fall to $4.3.
In short, although WLD looks promising now, we still have to carefully observe its price changes to see if it can really continue to rise.
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