The crypto market experienced a bullish wave, leading to a 3.76% increase in the global market cap to $3.76 trillion. Worldcoin (WLD) saw a price surge of over 20.74% and analysts predict it may breach the next resistance level to gain double-digit growth in the coming days. However, a rejection at the $2.70 range caused some loss of gains and brought the price back to previous levels. Currently, WLD is trading at $2.20 with a daily trading volume of $690 million. Over the past week, WLD has recorded an 8.88% gain, starting at a low of $2.02 and reaching a high of $2.36. The four-hour price chart shows a downtrend but if the asset enters bullish territory, it may meet the immediate resistance at $2.23. On the other hand, if the bearish outlook persists, WLD may drop and test support at $2.16, potentially leading to further downside risk towards the $2.09 mark. The Moving Average Convergence Divergence (MACD) line is above the signal line but both lines are below the zero line, indicating a potential short-term recovery within an overall bearish trend. The Chaikin Money Flow (CMF) indicator suggests a balance between buying and selling pressure, with no clear dominance in the market. The daily trading volume of Worldcoin has increased by over 34.26%. The overall market sentiment for Worldcoin is neutral, with a daily relative strength index (RSI) of 59.49. The short-term 9-day moving average (MA) is below the long-term 21-day MA at $1.99 and $2.02, respectively. It is important to note that this analysis represents the author's opinion and should not be taken as investment advice.



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