bullish

Rally

<ul class="wp-block-list">
 <li>WLD breaks a key resistance level at $2.1800, signaling potential upward momentum for traders to watch closely.</li>  
 <li>Despite minor dips, WLD’s recovery hints at a bullish trend, with significant resistance levels ahead at $2.30 and $3.40.</li>  
 <li>The RSI at 62.68 suggests WLD might be nearing overbought conditions, making it crucial for traders to monitor price movements.</li> 
</ul>  
<p>In a recent tweet, Maniac noted that WLD has successfully broken through a key resistance trend line on the daily chart. This breakout targets a price of $2.1800, where the first resistance level is situated. <a href="https://cryptonewsland.com/ethereum-historical-data-suggests-potential-50-price-correction-for-eth/" target="_blank" rel="noopener noreferrer nofollow">Traders should expect potential corrections</a> after reaching this level. However, the long-term outlook for WLD remains optimistic, suggesting high profit potential.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/0xManiac_Man/status/1843566133665751519
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-current-market-analysis">Current Market Analysis</h2>  
<p>The technical analysis of the WLD/TetherUS trading pair on Binance reveals price movements and patterns. The chart illustrates a downtrend, highlighted by a red trend line. Previously, WLD peaked near $12 before entering a corrective phase.&nbsp;</p>  
<p>This correction established multiple support and resistance levels, depicted with horizontal lines on the chart. Notably, the key support level is around $1.35, while the primary resistance appears close to $3.40.</p>  
<p>Recent price action shows that WLD tested the support level several times without a decisive breakdown. In June, the market reached a low of about $1.50 but displayed signs of recovery in September. As of early October, WLD trades around $2.18, indicating a bullish structure.&nbsp;</p>  
<p>Consequently, upward movement toward the $2.30 resistance level seems plausible. Additionally, <a href="https://cryptonewsland.com/bitcoin-bull-market-is-still-on/" target="_blank" rel="noopener noreferrer nofollow">Fibonacci retracement levels</a> suggest possible resistance at $3.40 and $6.00 if the bullish momentum continues.</p>  
<h2 class="wp-block-heading" id="h-technical-indicators">Technical Indicators</h2>  
<p>According to the four-hour chart dated October 8, 2024, WLD is currently priced at 1.957 USDT, reflecting a slight decrease of 1.11%. The highest price observed in this period was 1.988 USDT, while the lowest was 1.950 USDT. The trading volume for WLD stands at 502,922.</p>  
<figure class="wp-block-image"><img src="https://cryptonewsland.com/wp-content/uploads/2024/10/image-25.png" alt="" class="wp-image-184645">
</figure>  
<p>Source: <a href="https://cryptorank.io/price/world-coin/full-feature-chart" target="_blank" rel="noopener noreferrer nofollow">CryptoRank</a></p>  
<p>Moreover, the 50-period exponential moving average (EMA) is plotted at 1.857 USDT. This EMA serves as a trend indicator. The price is above the EMA pointing to an increasing trend. In addition, the Relative Strength Index (RSI) stands at 62.68 at this moment. This level indicates that <a href="https://www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/" target="_blank" rel="noopener noreferrer nofollow">WLD</a> may be approaching overbought conditions. The RSI trend line remains above the 50 level, showcasing bullish momentum.</p> 
<p>The post <a href="https://cryptonewsland.com/wld-targets-2-30-after-breaking-2-18-resistance/" rel="noopener noreferrer nofollow">WLD Targets $2.30 After Breaking $2.18 Resistance, With RSI Signaling Potential Rally</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

WLD Targets $2.30 After Breaking $2.18 Resistance, With RSI Signaling Potential Rally

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