Technical Analysis and Market Insights
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WLD eyes a 14.50% rise, pushing its price to $2.16, with further gains expected. JASMY rises 11%, bolstered by a partnership with Now Payments, signaling a potential bull run. Both tokens maintain positive trends above their 20-day MA’s, indicating bullish momentum. Leading altcoins Worldcoin (WLD) and JasmyCoin (JASMY) are showing promising signs of reaching new peaks, fueled by Bitcoin’s climb above $62,000 and a wave of optimism sweeping the crypto market. Source: CoinMarketCap Moreover, the upswing has impacted the global crypto market cap, which has gained 0.23% in a single day to $2.31 trillion. With such bullish movements, investors are eyeing these altcoins with renewed optimism. WLD Eyes $3.60 Breakout After 14.82% Increase Worldcoin (WLD) has been one of the top gainers in the crypto market. With an opening price of $1.9365, WLD has seen a 14.82% increase in the last 24 hours, positioning its price at $2.18 at press time. The asset has hovered within a 24-hour price range of $1.88, acting as its support, and $2.38, acting as its resistance. Source: CoinMarketCap This uptick has seen WLD’s market cap surge 15.52% to $601,575,881, while its trading volume has gained 200.34% to $337,224,428. This indicates heightened trading activity and increased investor interest in WLD. Moreover, the RSI index, currently at 43.27, supports the growing market optimism in the WLD token. It indicates that WLD is not yet in overbought territory, leaving room for potential further gains. Source: TradingView A move into the overbought region could propel WLD’s price to break above $3.60, shifting the bearish sentiment to bullish momentum, as seen in the monthly chart. A further push toward the $5.74 mark along the 61.8% Fibonacci level is possible should a breakout above $3.60 occur. This would mark over a 160% increase from its current price. Meanwhile, the WLD…
Filed under: News - @ July 16, 2024 6:24 pm