Worldcoin (WLD) price shows strong bullish momentum with continued upside after recent gains. The token rose significantly over the week while consolidating near key support levels.
Technical indicators remain positive, with RSI and MACD supporting strength. A breakout above resistance could drive further gains toward higher price targets.
WLD Price Extends Strong Weekly Bullish Momentum
Worldcoin (WLD) continues a positive price trajectory, extending its recent upside momentum. Over the past 24 hours, WLD price has climbed nearly 10.93%, reflecting renewed buying interest.
On a broader scale, the token posted a strong weekly performance, recording an impressive 17.34% surge amid improving market conditions and rising trader participation.
According to CoinMarketCap data, the token is trading at $0.3264. The 24-hour trading volume stands at $270.5 million, reflecting a 30.07% daily decline.
Meanwhile, market capitalization is valued at $1.09 billion, marking a 4.94% increase over the same period as momentum strengthens.
Also Read: WLD Price Prediction: Falling Wedge Hints at Potential Recovery to $0.40
Worldcoin Price Holds Critical Fibonacci Support
The 4-hour chart of Worldcoin shows a strong rally from approximately $0.23 to $0.41, followed by a healthy correction and consolidation phase.
Price is currently trading near the 61.8% Fibonacci retracement level at $0.2984, a key support area often associated with trend continuation after significant upward moves.
The EMA formation remains bullish, notwithstanding the pullback phase that has emerged, as the price trades below the resistance levels seen at the 25 and 50 EMAs.
However, the price maintains its position above the 100 and 200 EMAs, reflecting the strength of the uptrend, as $0.30 represents the major volume node.
On the other hand, bulls need to recapture the range of $0.304-0.321 resistance to move up towards the target levels of $0.343, $0.37, and even back to the earlier peak of $0.414, as mentioned by crypto analyst Altcoin Sherpa.
A breakdown below the range of $ 0.291- $ 0.298 may undermine this setup, increasing chances of a decline towards $0.267 or below.
Market Indicator Shows Strong Uptrend Signal
At the moment, RSI is floating very close to 58.09 levels with a signal line of 55.61, indicating that there is significant momentum but not enough to be considered an overbought condition.
This oscillator has been gradually moving upwards, showing an indication of increasing buying pressure but is still below 70 levels, according to the TradingView chart.
The MACD shows that the bulls have strong momentum, as the MACD line is close to 0.01510 while the signal line is slightly above 0.01040, indicating that the positive histogram is almost at 0.00470.
This makes the trend stronger since the histogram lines show that momentum is increasing due to bullish traders.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: WLD Price Prediction: Will This 98% Dip Turn Into the Next Bull Run?
