Worldcoin (WLD) has seen a significant 25% rally since October 18, 2023, echoing ‘s 30% rise and the overall uptick in the cryptocurrency market. The Relative Strength Index (RSI) and Awesome Oscillator (AO) indicators are currently favoring bullish trends, suggesting a positive outlook for the digital currency.
The upcoming AI developer conference organized by OpenAI is expected to further boost this momentum. Should the current trend continue, Worldcoin could hit resistance levels at $1.948 and $2.049, an equal highs resistance zone identified on the WLD/USDT 1-day chart.
If Worldcoin surpasses the midline at $2.317, it could potentially climb another 20% to reach a supply zone of $2.189-$2.430, indicating a trend continuation. This trajectory could set the stage for Worldcoin to aim for the $2.600 psychological level.
On the flip side, if momentum fails to sustain, WLD might retract to its 50-day Exponential Moving Average (EMA) at $1.688, or descend further to its support floor at $1.661 or even the $1.450 swing low.
This surge in Worldcoin’s value mirrors the broader crypto market’s performance, with Bitcoin leading the pack. The market’s recent rally suggests that odds are favoring the bulls, with many digital assets experiencing increased value and trading volumes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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