Convergence

Flow

Teleport

Worldcoin

Divergence

<ul class="wp-block-list">
 <li>Worldcoin trades at $2.89, with a 14% surge over the last 24 hours.</li>
 <li>WLD’s daily trading volume has soared by over 156%.</li>
</ul>
The Bitcoin rally in the crypto market has ignited the long-awaited altcoin season. Ethereum, the largest altcoin, with other altcoins, has chosen to trade on the upside over the past few days. However, the altcoin chart reveals a breakout above long-term resistance, signaling the fresh start of a bullish phase for <a href="https://thenewscrypto.com/is-an-altcoin-season-imminent-as-market-signals-shift/" target="_blank" rel="noopener noreferrer nofollow">altcoins</a>.&nbsp;
Among the altcoins, Worldcoin (WLD) has initiated its upward movement, driven by the alt season buzz. In the last 24 hours, WLD has <a href="https://coinmarketcap.com/currencies/worldcoin-org/" target="_blank" rel="noopener noreferrer nofollow">recorded</a> a 14.50% price surge. The trading day began at $2.50 and has advanced to the current price levels. As per CMC data, Worldcoin trades at $2.89 at the time of writing.&nbsp;
Notably, the market observed a $4.43 million worth of Worldcoin <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">liquidation</a> during this timeframe. In the meantime, the asset’s daily trading volume has reached $1.39 billion.
Zooming in on the past seven-day price chart, Worldcoin has <a href="https://thenewscrypto.com/is-worldcoin-headed-for-a-bullish-rally-with-a-23-price-surge/" target="_blank" rel="noopener noreferrer nofollow">gained</a> over 26%. At the beginning of the week, the altcoin traded at a low of $2.12, after which its price began to ascend.&nbsp;
<h3 class="wp-block-heading" id="h-will-worldcoin-continue-its-climb">Will Worldcoin Continue Its Climb?</h3>
While inferring the technical indicators of Worldcoin, the Moving Average Convergence Divergence (MACD) line has crossed the signal line, suggesting a positive sentiment in the market. If this crossover is sustained, a prolonged bullish trend is expected.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXduc2nsQ99yqsHewuXGhcyNlqAvBFt8Us42gAJC_e9H2t5EuHgB_stow6URk5Sm6E9vJo49awKhdZeMJTXDDSipiO3xERpXaEDrt-4kX5aK9lbSFvabijgwcvqyDP4jKWni68caxg?key=Wp6Jjq3jVr43ANmMvg7OA83c" alt="">
 <figcaption class="wp-element-caption">WLD chart (Source: <a href="https://in.tradingview.com/symbols/WLDUSD/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Additionally, the Chaikin Money Flow (CMF) indicator is settled at 0.10, suggesting a positive money flow and hinting at a potential surge in the asset’s demand. Meanwhile, Worldcoin’s daily trading volume has soared by over 156%.&nbsp;
WLD’s four-hour price chart signals the ongoing upside correction. If the asset’s upward trajectory continues, it could likely test the resistance near the $3 mark. Breaking through this level would ignite a renewed bullish trend, setting the Worldcoin up for further gains.&nbsp;
On the downside, if the buying pressure shrinks and the bullish outlook turns bearish, WLD might lose its recent gains. The asset may likely drop to test support at the $2.60 level. If this level fails to hold, a notable downside risk could emerge.&nbsp;
Moreover, the current market <a href="https://in.tradingview.com/chart/AHwivr5C/?symbol=BINANCE%3AWLDUSD" target="_blank" rel="noopener noreferrer nofollow">sentiment</a> of WLD is found in the neutral zone, as the daily relative strength index (RSI) is positioned at 67.83. Besides, the daily frame of the asset exhibits the short-term 9-day MA above the long-term 21-day MA at $2.72 and $2.53, respectively.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Can Worldcoin (WLD) Break Through Resistance Following a 14% Surge?

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