• Worldcoin surged 15%, reaching $3.35 amid bullish sentiment and increased investor confidence.

  • Rising exchange supply and bearish indicators suggest potential sell-offs and price corrections ahead.

  • Breaking $3.6 resistance could push WLD toward $4, but risks of decline remain.

Worldcoin (WLD) has climbed 15% in just 24 hours, reaching $3.35 and drawing attention. Investors now question whether this surge marks a turning point or a temporary spike. While optimism runs high, warning signs suggest the rally could stall. Will Worldcoin soar further or face a pullback? The market stands divided as traders watch critical levels closely.

How Did Worldcoin Reached $3.35?

Worldcoin’s price jump reflects strong market conditions and rising confidence among investors. Long-term holders have grown by 14% over the past month, showing renewed interest in the token. However, only 59% of addresses remain profitable, highlighting uneven gains across the market.

https://twitter.com/ali_charts/status/1860838250409062551?t=U860cr8L52Rk2hZ1hUvnRw&s=19

As the above post highlights, crypto analyst Ali Martinez recently pointed to a head and shoulders pattern, signaling a potential reversal. The supply of Worldcoin on exchanges has risen sharply, suggesting increased selling activity. Fewer tokens are being held off exchanges, which could lead to further price pressure.

Bearish sentiment is also gaining ground. The Long/Short Ratio shows more short positions than long ones, reflecting rising doubt among traders. The Chaikin Money Flow indicator confirms ongoing selling pressure. If this trend continues, Worldcoin’s value might slip to $2.9, with a deeper drop targeting $2.4.

Can Worldcoin Rise Higher?

Despite these challenges, hope for another rally remains. To aim for $4, Worldcoin must first overcome resistance at $3.6. A breakout above this level could trigger renewed buying and drive the token higher.

Whales, who have remained largely inactive, could play a pivotal role. Increased activity from large holders might add buying pressure and reverse bearish trends. However, breaking below $2.9 could accelerate losses, putting further growth at risk.

Worldcoin’s 15% surge has sparked excitement, but uncertainty clouds the road ahead. Traders face a critical choice as they weigh bullish potential against bearish risks. Whether the token flies higher or falls back, the next move will shape its future in the market. Investors now wait, watching as the story unfolds.

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