Is $5 a potential spike?
Worldcoin price is rising as the token unlock event approaches. The positive momentum suggests potential gains ahead, positioning Worldcoin for further market growth.
The price of Worldcoin ($WLD ) has been exhibiting a strong uptrend recently. Momentum is building as the broader market experiences a surge. As token launch events approach, the value of Worldcoin is primed for further increases. Notably, the cryptocurrency has appreciated by 20% over the past week.
🔸 Worldcoin price soars as market prepares for unlocks
From September 30 to October 6, 2024, the cryptocurrency market is expecting significant movements. $568 million in token unlocks are anticipated across various projects, with Worldcoin (WLD) standing out on the list. It is estimated that $58.07 million worth of WLD tokens will be released.
This considerable addition to the market supply could alter the trading dynamics significantly in the coming weeks. It is noteworthy that the last similar event occurred on July 24. Prior to these token unlocks, the value of Worldcoin is projected to reach approximately $5
🔸 $WLD Price Eyes 180% Uptick Amid Positive Momentum
Over the past 24 hours, the price of Worldcoin has seen a notable increase of 3.34%, indicating positive momentum in the market. At the time of writing, the price of $WLD stands at $1.74. Most of the cryptocurrency market today is trading in a sideways trend, indicating volatility in the market.
Within the same period, the price experienced a low of $1.66 and a high of $1.80, demonstrating significant fluctuations. The price movement chart shows a gradual rise throughout the day, with some minor drops, but overall, the token has shown resilience and a steady upward trend.
The Moving Average Convergence/Divergence (MACD) indicator is currently signaling a possible positive reversal. The MACD line (blue) recently moved above the signal line (orange), indicating a bullish crossover that could suggest an upward move if the trend continues.
