Price Analysis

Worldcoin Price Prediction: What’s Next As WLD Outpaces AI-Based Crypto Projects

Worldcoin price prediction validates a new uptrend targeting $4 as WLD recovers from $1.7 support backed by key technical indicators including the MACD and the RSI.
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Worldcoin Price Prediction: What’s Next As WLD Outpaces AI-Based Crypto Projects

Highlights

  • Worldcoin soars 20% as altcoins across the board bounce back.
  • WLD sits above the 20-day EMA and key support at $2.
  • Buy signals from the MACD and the RSI reinforce the new bullish grip.

The World Coin project, which revolves around creating a World ID that protects people’s privacy by utilizing zero-knowledge proofs, has made a major bullish comeback, stealing the attention of other artificial intelligence (AI) protocols. Based on the current Worldcoin price prediction, WLD soared 20% on Tuesday to trade at $2.37 during US trading hours.

Backing the impressive rally is a staggering 290% surge in the trading volume to $448 million in 24 hours. A subsequent 22% rise in market cap to $655 million reflects the bullish outlook according to CoinMarketCap data.

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Worldcoin Price Prediction: Nurturing WLD Trend Reversal

Worldcoin price slipped below $2 pivotal level during the sell-off in the market in June and July. The bearish picture marked a continued bearish outlook from the peak of $12 achieved in March.

Nevertheless, bulls seem to have made a comeback taking down resistance at $2 and pushing for a larger breakout this week.

Worldcoin price now dodders above the 20-day Exponential Moving Average (EMA). A break above the descending trendline backs the new uptrend eyeing the next milestone at $3.

The 50-day Exponential Moving Average (EMA) reinforces the seller congestion at $3 with the 200-day EMA at $4 likely to make the recovery an uphill battle this week.

Worldcoin price prediction chart | Tradingview

Key indicators rallying behind Worldcoin include the Relative Strength Index (RSI) currently neutral at 50. Traders have continued to increase longs as the RSI climbs from the oversold region into the neutral area. Should the indicator ease into the overbought region, Worldcoin could explode above $5.

A buy signal emanating from the Moving Average Convergence Divergence (MACD) will keep sentiment positive toward the end of this week. The blue MACD line validated the buy signal flipping above the red signal line.

Traders can expect Worldcoin price prediction to retest the 20-day EMA support at $2.23. A trend reversal from this level will reaffirm the bullish grip. WLD might also stretch the correction to the descending trendline. If defended, the uptrend will continue. However, it is too early to rule a drop to the $2 support and below, especially if investors who bought the dip decide to sell for early profits.

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Frequently Asked Questions

What is Worldcoin (WLD)?

Worldcoin (WLD) is a digital identity and currency aiming for global access. It uses iris scans for verification and rewards users with WLD for joining.

Which is the organisation behind worldcoin (WLD)?

Worldcoin is supported by the Worldcoin Foundation, a non-profit organization focused on expanding global access to the digital economy.

Will Worldcoin see a new all-time high?

Like many altcoins, Worldcoin is trading significantly below the ATH. However, with the crypto market expected to rebound toward the end of 2024, WLD could rise to reach a new ATH above $12.
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John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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