š„Worldcoin Price Prediction: WLD Soars 12%, But Experts Say This Might Be The Best Crypto To Buy Now
The Worldcoin price surged over 12% in the last 24 hours to trade at $3.90 as traders go long on the Sam Altman-backed crypto.
Following the strong 24-hour performance, the WLD price has boosted its weekly gain to over 28%.
Worldcoin Price Trying To Establish A Solid Technical Foundation
4-hour chart for WLD/USD (Source: GeckoTerminal)
The Worldcoin price is trying toĀ establishĀ a position above the $3.96 mark after it broke above the technical barrier in the last 24 hours. Should the crypto maintain a position above this level for the next 12 hours, it could enter into another leg up and continue to rise in an ascending channel that has emerged on its chart. Traders might then push WLD up to $5 ~ $6.
In an alternative case, theĀ WorldcoinĀ price could end up falling back below the $3.7969 mark. Dropping below this level might then expose the crypto to the risk of testing the subsequent support at $3.95.
Technicals Suggest The Worldcoin Price Might Keep RisingĀ
From a technical perspective, indicators on WLDās 4-hour chart suggest momentum still favors bulls. Short-term Exponential Moving Averages (EMAs) are aligned bullishly. More specifically, the 9 EMA is positioned above the longer 20 EMA line. Whatās more, the growing gap between the two indicators could be a sign of WLDās positive momentum picking up steam.
The Moving Average Convergence Divergence (MACD) line is also positioned above the MACD Signal line. Traders usually see this specific orientation of the MACD lines as an indication that aĀ cryptoĀ is in a positive trend.
