The launch of Worldcoin’s world ID on the Solana chain has resulted in its native token “WLD” price recording a jump of ~5% in hours. Moreover, with the rising volatility in the crypto market, the altcoin hints at the possibility of experiencing a major breakout.
With this, its investors are curious about this project’s future prospects and price targets. Planning on investing in this altcoin? Our expert panel has prepared a detailed article covering the market sentiments and possible price targets of the Worldcoin (WLD) crypto token.
WLD Price On The Verge Of A Breakout?
Amid increased price volatility in the crypto market, the Worldcoin price has added 1.29% in the past day with a trading volume of $101.27 million. Moreover, it has formed a symmetric triangle pattern and has continued trading within it since mid-July.
Despite recording a jump of ~4% over the past week, it has dropped 1.88% during the past month and has a YTD return of -59.68%. This highlights a long-term bearish sentiment for the altcoin in the market.
The Relative Strength Index (RSI) continues hovering close to its neutral point in the 1D time frame. This indicates a weak buying and selling pressure for the altcoin in the crypto market.
Further, the SMA indicator shows a constant flatline in the WLD price chart. This suggests uncertainty in future price action.
Will Worldcoin Prices Go Up?
If the bulls regain momentum, the WLD price could break out of its resistance trendline of the triangle pattern. Maintaining the price above that range could set the stage for this altcoin to test its upper resistance level of $3.30 in the coming time.
On the flip side, if the bears regain momentum, the Worldcoin price will retest its crucial support level of $1.350. Further, if the bears continue to dominate the market, this could result in it possibly recording a new yearly low.
Wondering what would the WLD price be in the long run? Our Worldcoin Price Prediction answers all such queries!
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