The price of Worldcoin (WLD) has surged by over 50% in the past week due to the project's aggressive global expansion, with over 40 countries added to its network this month alone. The positive market sentiment and World's plans to expand to more countries suggest that the price rally may continue in the short term. The asset's price daily active address (DAA) divergence metric is currently positive, indicating strong underlying momentum and potential for further price appreciation. Additionally, the market sentiment for WLD is currently bullish, with social media discussions driven by positive emotions. WLD is currently trading at $2.73, slightly above the $2.44 resistance level, and its rising Chaikin Money Flow (CMF) confirms high demand for the altcoin. If buying pressure holds, the price could target the $3.61 mark and potentially reach a six-month high of $5.40. However, if buying pressure diminishes and sentiment turns bearish, the projection will be invalidated, and WLD may fall below the $2.44 resistance and stabilize at $1.34.
- Content Editor ( beincrypto.com )
- 2024-11-12
Worldcoin (WLD) Rockets Over 50% as Global Expansion Spurs Momentum