The post Worldcoin Price Records 211% Jump! WLD Price To Hit $10 This Month? appeared first on Coinpedia Fintech News

The Worldcoin price has recorded a jump of over 23% within the past day, making it the top gainer of the market for the day. Moreover, the WLD coin has experienced significant whale transactions this month and successfully surpassed the 1 Million daily users milestone, highlighting it to be the prime reason for the surge.

The Worldcoin price traded in a closed range between $2.144 and $2.670 for twenty-six days, indicating weak buying and selling pressure in the market. As the market volatility grew, the market bulls gained momentum and jumped 22.58% in value, following which the price traded sideways for a while.

TradingView: WLD/USDT

After displaying a neutral trend for a while, the bulls regained momentum and recorded a jump of 103.485% within the next three days in their valuation. Currently, the WLD token is trading in a closed range between $6.441 and $7.009 and is on the verge of testing its resistance level, the outcome of which is unpredictable.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram for a brief time, indicating a strong bullish influence in the market. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming time.

Will Worldcoin Price Increase?

If the market holds the price above the support level of $6.441, the bulls will continue to gain momentum and prepare to test its resistance level of $7 soon. Maintaining the price at that level will set the stage for Worldcoin price to attempt to test its upper resistance level of $7.510 in the upcoming week.

Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its lower support level of $5.492. Moreover, if the bears hold power over the bulls, the WLD coin price will continue to bleed and test its crucial support level of $4.838 this month.

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Filed under: Bitcoin - @ February 19, 2024 6:05 am