CandleFocus

Worldcoin Gains Upside Momentum: Is A Major Breakout Ahead?

Author: Content Editor
Worldcoin (WLD) is experiencing a strong upward push and gaining traction towards the key resistance level of $3.2. Market optimism is building, leading to speculation about whether Worldcoin will experience a major breakout or face resistance in the near future. Technical analysis suggests that WLD has strong bullish momentum, trading above the 4-hour 100-day Simple Moving Average and breaking through the $2.1 resistance level. The Relative Strength Index indicates renewed bullish potential, although an asset approaching overbought conditions may experience short-term consolidation. The daily chart shows bullish candlestick formations and reinforces positive sentiment as WLD maintains its upward trajectory. The RSI on the daily chart suggests that buying pressure outweighs selling pressure. If WLD successfully breaks above the $3.2 resistance level, it could result in additional gains, potentially reaching the $5.2 resistance level. Conversely, failure to break this resistance level could lead to a decline toward the $2.1 support range and potentially lower levels.

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