WorldCoin Price Surges 12% Resuming Bullish Rally After Recent Dip

• Worldcoin price has shown a significant price surge of 12% in the past day.
• The altcoin’s daily trading volume surged by 68.89% as per CMC data.

In the past 24 hours, the crypto market has recorded a significant $182.24 million in liquidations. Community members have referred to the funds’ movement to investors’ trading activity and highlighted the incoming bull run. Several altcoins have shown significant price surges in the past few days. 

One such altcoin, Worldcoin has retracted back to its bullish rally after last week’s price drop. Particularly, in the past day, the token has recorded a significant price increase of 12.18% rallying from a low of $2.03 to current levels above $2.25. Moreover, WLD also hit a 77-day high of $2.36 in the past hours. At the time of writing, the altcoin was trading at $2.45 as per CMC data. 

Previously, in the middle of last week, the token combated a bearish takeover when prices dropped to the support level of $1.6. However, following this on October 11, Worldcoin began climbing progressively and broke its resistance at $2 in the past day. Furthermore, the altcoin’s weekly performance stands at a 16.24% increase despite the recent price dip. 

Zooming out, on inferring Worldcoin’s monthly chart, it shows a monthly price performance of 51.22% increase. This significant price rally has garnered the market’s attention on the token. This is further illustrated by WLD’s RSI value 66.85 indicating a buying pressure in the market. 

Will Worldcoin Price Inch Closer to its ATH? 

Worldcoin’s price witnessed major dips after it hit an ATH in March 2024. The altcoin prices fell significantly (almost 10x). However, this past month has seen notable recovery attempts by the altcoin as it surpassed several resistance levels.

On inferring the token’s technical indicators, the Moving Average Convergence Divergence (MACD) signal line stands clearly above the MACD line as per TradingView data. This indicates a bullish trend in the altcoin as confirmed by price actions.

If the token manages to sustain its price rally, then it can be expected to face resistance at $2.33 and $2.45. However, if it lets bearish dominance then it might fall to a support level of $1.54. 

Similarly, other altcoins such as SUI and Ethereum have also shown bullish price movements. 

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