Worldcoin Price Rallies 15% as its Bearish Month Draws to an End

• Worldcoin price has shown significant increase over the last 24 hours as per CMC data. 
• The token’s RSI standing at 73.14 indicates an overbought market situation influenced by the price rally.

The crypto market pendulum swung to the bearish end in the last 24 hours, as Bitcoin dunked yet again to $63K. Subsequently, other altcoins followed with modest dips and resisted further declines. However, one particular altcoin’s price took the less-traveled path and rallied, making it the top gainer in the market. 

Notably, Worldcoin has taken a bullish turn this past week, after the last 30 days of significant price declines. On inferring its daily price chart, Worldcoin recorded a 15.13% price increase over the past day. In the Asian morning hours of September 25, WLD witnessed a brief bearish wave as prices receded to the $1.8 level. 

However, the altcoin managed to revert to its bullish price rally in the latter half of the day. At the time of writing, Worldcoin was trading at $2.109 per CMC data. Additionally, the altcoin is also the top gainer in the market followed by Starknet which recorded a 12.40% price increase. 

Zooming out, over the past week, Worldcoin recorded a 31.26% instigated by the recent price rally. At the beginning of the week, the token traded at a low of $1.565 after which prices began climbing steadily. Additionally, in the last 24 hours, WLD hit a 57-day high of $2.180 as per TradingView data. 

Worldcoin Price Monthly Overview 

In the last 30 days, Worldcoin has recorded a 22.35% price increase, which resulted mostly from the past week’s bullish performance. Previously, excluding the past week, Worldcoin’s price experienced a price slump at an average $1.5 level. This resulted from the August market crash from which the altcoin has now shown significant appreciation. 

On inferring Worldcoin’s price charts and technical indicators, the altcoin exhibits bullish trends. The token’s short-term 9-day MA standing above the long-term 21-day MA indicates a bullish trend. It is further highlighted by Worldcoin’s bull power indicator standing at 1.625 while its bear-power indicator stands at 0.385. 

Meanwhile, Worldcoin announced on Wednesday that its World IDs were launched in three different countries – Guatemala, Malaysia, and Poland. Additionally, it recently test-launched facial recognition in the World App. 

Highlighted Crypto News Today: 

What You Should Know About These Trending Telegram Web3 Games