Will Worldcoin’s WLD Token Price Reach $5 This Month?
Worldcoin (WLD) is showing a strong rebound, with its price climbing 2.19% intraday and forming a bullish morning star pattern on the daily chart. Analysts suggest the current momentum could propel WLD's price to $3 soon, with the potential for a breakout toward $5.
Market Context
With the crypto market holding a valuation above $3 trillion, Worldcoin has gained traction, driven by increasing altcoin demand and renewed investor confidence. The question remains: Can WLD sustain its rally to break the $5 barrier?
Price Analysis
On the one-day chart, WLD has broken out of a falling channel pattern, marking a notable recovery. Its price currently sits at $2.92 after a 15% surge, surpassing the 23.60% Fibonacci level at $2.28. It now challenges the 38.20% Fibonacci level at the $3 psychological resistance.
Key Observations:
The 200-day EMA has been breached, signifying a bullish reversal.
A new bullish engulfing candle strengthens market sentiment, with a rounding bottom pattern hinting at a potential rally.
Technical Indicators:
EMA: A potential bullish crossover between the 50-day and 100-day EMAs could signal a golden crossover, further boosting bullish sentiment.
MACD: The MACD indicator displays a bullish alignment with growing positive histograms, reinforcing a “buy” signal.
Will WLD Hit $5?
If the uptrend continues, Fibonacci projections indicate targets at $5.14 and $7.42 after surpassing $3. However, immediate support lies at $2.23, making this a critical level to watch.
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