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Worldcoin price prediction suggests WLD price might get doubled in 2024. - 2
WLD price holds $2.00 and is trying to break the $2.500 hurdle. - 3
The downfall in the Worldcoin crypto has taken a halt near $1.00.
Worldcoin price prediction for 2024 is highly bullish and suggests a new all-time high may be visible.
The newly listed coin WLD price had taken support near $1.00 and began to recover by forming higher high swings. It managed to climb above the 50-day EMA which triggered positive sentiments and fueled the rally.
The WLD crypto witnessed a massive spike in buying volume and buyers succeeded in breaking out of the $2.00 hurdle. It added fuel to the upward momentum and the price rallied 32% approx. in a short time.
At present, WLD price is attempting to break out of the next hurdle at $2.500. If the buyers succeed, then a sharp rise toward $3.00 is possible. However, if the price spends some time in the consolidation, then it might be an indication of the base formation.
Currently, Worldcoin price is trading at $2.380 with an intraday rise of 8.23%. The 24-hour volume to market cap is 91.31%.
The pair of WLD/BTC is trading at $0.00006384 with a one-day increase of 8.63%. However, the price pattern of the WLD/USDT pair is more bullish than WLD/BTC. Therefore, investors may look for bullish bets in Worldcoin with USDT pair.
Will Worldcoin Price Consolidate or Continue the Rally?
Worldcoin price prediction suggests prices may consolidate for some time before resuming the rally.
Meanwhile, the overall crypto market is performing well and the BTC price holds $37K. It improves the market sentiment and positively impacts the prices of WLD and many other altcoins.
Till the Worldcoin price sustains above $1.500 the trend will remain bullish and the possibility of continuing the rally remains high.
The analysis suggests that WLD crypto is in bulls’ grip and trading at a fair price. So, investors are likely to buy and hold it to generate nominal returns.
WLD Price Rose for the Six Consecutive Weeks
WLD price rose for the six consecutive weeks and reached the August month high. The recent upmove is supported by high buying volume so it looks reliable and sustainable.
The MACD curve is sustaining above the zero line but sloping sideways; denoting range-bound trading sessions may be visible. The RSI at 58 cooling off from the overbought territory denotes weakness. But the price action says short-term retracement will be bought up.
Conclusion
Worldcoin price prediction is bullish and suggests WLD crypto price may get doubled by 2024. The buyers are active near the $1.500 level so downside risk looks limited. The analysis suggests that WLD price are in bulls’ grip and more upside is pending.
Technical Levels
- Resistance levels: $2.700 and $3.500
- Support levels: $1.400 and $0.972
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/21/worldcoin-price-prediction-2024-will-the-wld-price-fly-to-5-00/