Worldcoin (WLD) took off on the news.
Worldcoin (WLD) has been on a strong uptrend since September and has reached its highest level in five months with its momentum in the last 24 hours.
The price of the artificial intelligence coin #WLD is approaching a critical threshold of $4. This positive price movement came along with the project's recent increasing price movements and the rise of #Ethereum . The continuation of the artificial intelligence trend has increased expectations for the popular altcoin.
One of the important reasons behind this rally of Worldcoin is the positive divergence in the Price DAA (Daily Active Addresses) indicator. This shows that more users are interacting with the platform, and this increase usually leads to an increase in demand and price.
Worldcoin has also started to expand in regions such as Chile, Colombia, Malaysia and South Korea with its new identity system called World ID. This step allowed the platform to attract more users and increase participation. This expansion stands out as one of the biggest factors supporting the rise in the price of WLD.
The WLD price has risen by 20% in the last 24 hours to break above the critical support level of $3.36. This increase has pushed Worldcoin to its highest level in five months, indicating a strong uptrend. Currently, $3.36 is holding as support, creating room for WLD to rise towards $4.
The next target is the resistance level of $4. If this level is broken, the price is expected to enter a new bullish phase and attract more investors. Especially with the increasing adoption of the World ID system, $WLD has high potential to reach new milestones.
However, if WLD loses the support of $3.36, the price could fall to $2.78. In this case, the current bullish scenario could be completely invalidated.