The post Worldcoin’s bullish momentum surges: Is THIS why? appeared on BitcoinEthereumNews.com.

Worldcoin’s European expansion boosted WLD adoption, driving a 13.6% price surge this week. Technical indicators hinted at a bullish breakout, with potential targets near $2.00. Worldcoin [WLD] has seen a strong price performance over the past week, driven by increased adoption and key market movements. WLD traded at $1.60 at the time of writing, with a 24-hour trading volume of $280,038,161.98.  This marked a 9.30% increase in the last 24 hours and a 13.60% rise over the past seven days. With a circulating supply of 450 million WLD, the market cap stood at $723,470,515. European expansion fuels adoption of world ID Worldcoin recently announced a significant expansion of its World ID verification in Europe, launching the service in Poland on the 18th of September. According to the official statement, “World ID verification has launched in Poland,” allowing individuals to verify their World ID in Warsaw using a custom biometric imaging device known as the ‘Orb’.”  This expansion is part of Worldcoin’s effort to increase access to its proof of humanness technology across Europe. The project had previously launched similar World ID verification services in Austria and has partnered with Malaysia’s government R&D team to enhance digital proof of humanness in the country.  These initiatives are part of Worldcoin’s broader goal to establish a global, decentralized identity verification network, boosting adoption and engagement across various regions. Technical indicators suggest potential upside WLD’s technical indicators also point toward a potential bullish breakout. The price is approaching a key resistance level at $1.590, which serves as the neckline of a rounding bottom pattern.  A breakout above this level would confirm the bullish reversal, suggesting that momentum is shifting in favor of the bulls, with the next target set at $2.000. Source: TradingView At press time, the Relative Strength Index (RSI) was at 66.30,…

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Filed under: News - @ September 20, 2024 9:23 am