Driven by multiple positive factors, Worldcoin (WLD) achieved a sharp price increase this week, with an increase of 13.6%. This strong performance was mainly attributed to WLD's expansion in the European market and positive performance of technical indicators.
The adoption rate of WLD has increased significantly, becoming an important driving force for its price increase. Currently, WLD is trading at $1.60 and has gained another 9.3% in the past 24 hours. It is worth noting that WLD recently successfully launched a global identity verification service in Poland, which utilizes the advanced biometric device "Orb" for verification of global ID cards. This move not only broadens the application scenarios of WLD, but also further enhances its competitiveness in the European market, providing strong support for price increases.
Looking at technical indicators, WLD is currently approaching the key resistance level of $1.590. A successful break above this level would further confirm its bullish trend and could push the price towards a higher target of $2.00. Although the relative strength index (RSI) is approaching overbought territory, which may indicate the possibility of a correction in the short term, overall the bullish structure of WLD remains solid, indicating a good market outlook.
In terms of market data, WLD’s net inflows are positive, which directly reflects the buying pressure in the market. However, it is worth noting that trading volume has decreased recently, which may mean that the market is in a consolidation phase, with investors waiting for further signals or events to drive further price gains.
To sum up, WLD’s expansion in the European market and its positive technical performance have jointly supported its price increase. In the future, with the release of more good news and further recovery of market sentiment, WLD is expected to continue to maintain its strong upward momentum.
