The post Worldcoin: Why WLD will cross $3 sooner than you expect appeared on BitcoinEthereumNews.com.

At press time, Worldcoin navigated through a critical demand zone, signaling potential for further gains. Market sentiment continued to strengthen this bullish outlook, adding multiple factors that support the stability of the demand zone. Despite a modest retracement of 2.38% in the last 24 hours, Worldcoin [WLD] has showcased strong performance over the past month, accumulating a total gain of 27.86% during this period. It is noteworthy that such an upward movement over an extended period, followed by a minor price correction, typically indicates a market consolidation or retracement phase. This pattern suggests that WLD is gearing up to resume its upward trajectory. Retracement into demand zone WLD’s recent downward movement, or retracement, has positioned it back into a key demand zone. This zone is typically characterized by a concentration of buy orders, indicating that market participants are inclined to purchase at these levels. Confirmation of this demand zone’s bullish impact will be evident once WLD’s price surpasses the current lower high on the 4-hour chart at 2.112. Achieving this would set WLD on a path to reach a mid-level target of $2.4, potentially extending its upward trend to $3.0. Source: TradingView Conversely, trading below this demand zone would jeopardize WLD’s position, potentially leading to a decline toward 1.511, with additional selling pressure possibly driving it to its lowest point in 2024. WLD is unlikely to fall According to AMBCrypto’s analysis using the Chaikin Money Flow (CMF) and the Relative Strength Index (RSI), WLD exhibits bullish signals that may lead to further price increases as the market session progresses. The Chaikin Money Flow has reversed its course, now trending upward after reaching a historical support trend line. This shift indicates bullish market sentiment, with traders increasingly funneling liquidity into WLD tokens. Source: TradingView Similarly, the Relative Strength Index, which assesses…

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Filed under: News - @ October 1, 2024 5:24 pm