Worldcoin Price Gears for Upward Trend as Technical Indicators Signal Bullish Momentum

In recent trading sessions, the #Worldcoin price has shown notable fluctuations on the 4-hour chart, demonstrating a significant upswing, closing at $6.111 after initially opening at $6.122. This pattern indicates a slight volatility within a narrow price range. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) metrics, combined with Exponential Moving Average (EMA) trends, provide a deeper insight into the potential future movements of the crypto.

The 9 EMA has progressively risen from $5.916 to $6.008, closely tracking the price which suggests a sustained upward bias in short-term momentum. Concurrently, the 20 EMA has ascended from $5.563 to $5.729, reinforcing this bullish sentiment as the price maintains above both EMAs, a classic bullish setup.

The MACD values have shown a gradual decrease while remaining above the signal line, indicating sustained bullish momentum but with a decreasing strength. The latest MACD value stands at 0.329 with a histogram value of 0.012, signaling a slight decline in bullish momentum. The RSI has remained above the typical threshold of 70 in recent periods, peaking at 74.06, which suggests overbought conditions that might typically precede a pullback or consolidation phase.

The price currently hovers near the $6.111 mark, approaching the first significant resistance level at $6.335. If bullish momentum continues, breaking this level could see the #AI crypto targeting further resistance at $6.562 and then $6.794. On the downside, if a reversal occurs, the immediate supports are at $5.449 and $5.179, with a crucial psychological and technical level at $5.045, which might attract significant buying interest if tested. $WLD #WLD #TrendingPredictions #BullorBear
The full analysis and trade strategy was originally posted on ecoinimist.com.