Today, the cryptocurrency market has seen a significant upward trend in valuations, with major altcoins adding significant value to their valuations. Worldcoin price has risen about 40% in the last 24 hours, making it one of the best gainers of the day in the cryptocurrency industry.
World Coin (WLD) price is on course to test the $10 mark!
Worldcoin price traded in a closed range between $2.144 and $2.670 for a short period of time, after which the bulls gained momentum and the price broke out of the range. but. The rally was short-lived as it faced a rejection at $3.273, after which the price traded sideways for some time.
As market volatility increased, the bulls regained momentum and recorded another surge of 53.40% within two days. After trading sideways for a while, WLD token recorded another jump of 55.129% in its valuation.
Worldcoin was then rejected at $7.789, after which the price traded in a consolidated range between $6.291 and $7.789 over the next three days. Recently the bulls successfully broke the resistance level but were rejected at $8.831 and have been trading sideways since then.
Moving Average Convergence Divergence (MACD) shows a rising green histogram, which indicates increasing buying pressure in the market. The averages also show bullish convergence, suggesting positive price action for the WLD token in the future.
How high will the Worldcoin price rise?
If the market pushes the price above $8.831, the bulls will regain momentum and prepare to test the upper resistance level of $10 by the end of the week.
Conversely, if the bears overwhelm the bulls, WLD price will lose momentum and fall to test the $7.789 support level. Moreover, if the bears continue to dominate the market, the decline will deepen and prepare to test the lower limit of $6.291 in the coming months.