The post Worldcoin Surges Over 25% After Retesting March Lows, Further Rally Possible? appeared on BitcoinEthereumNews.com.

Worldcoin (WLD) shows a 25.33% rise in 24 hours, reflecting strong bullish sentiment and upward momentum. MACD and RSI indicate continued bullish potential, but RSI signals possible overbought conditions. Worldcoin is a for-profit cryptocurrency project that uses iris biometrics. Developed in 2019, the digital asset has recorded varied market movements as it struggles with different regulation requirements in different countries. During the day, Worldcoin opened its price value at $1.0312, continuing its uptrend to the current reading of $1.15, noting a 25.33% uptick in just 24 hours. Technical Analysis: MACD and RSI Indicators The MACD line is at 0.0484 and the signal line at 0.0016 at time of observation. The MACD is above the signal line, suggesting positive momentum, so this indicates a clear bullish crossover. This bullish signal is reinforced by the rising bars on the histogram, suggesting continued upward movement, which could indicate that the price is in the early stages of a parabolic rise. The RSI is currently at 73.91, which is entering the overbought territory. While this typically signals a potential pullback or correction, the RSI’s position here suggests the token is in a strong uptrend. It should be monitored closely for signs of divergence or reversal. Looking at the price action, the token recently retested its lows in March and early April before bouncing strongly. The parabolic price movement seen in recent days has been caused by a strong recovery following these lows. Which suggests strong bullish sentiment. While the RSI indicates overbought conditions, the MACD and the price structure suggest further bullish potential. provided the token can hold above its recent support. Worldcoin Current Price Action Tracking the market movement at the time of press, CoinMarketCap data indicates that Worldcoin (WLD) trades at  $1.15, reflecting a 25.33% increase in the last 24 hours. Market…

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Filed under: News - @ April 26, 2025 2:25 pm