WLD Price Surged 66% In 3 Days: Is Trend Reversal Possible Soon

• The WLD price surpassed the 20-day EMA and was approaching the 200-day EMA mark.
• The RSI was at 67, rapidly recovered from the oversold zone, and was approaching the overbought zone.

WLD price has displayed sellers’ dominance over a wider time frame, but buyers looked strong in the short term. Since April, the price has lost 61%, showcasing the bearish trend.

After a bearish trend, the Worldcoin price formed a base at the $1.75 level and showed strength. Historically, the $2.15 mark was a strong support level, and in the first week of July, the liquidity has been grabbed below this level.

Based on the technical indicators, the MACD and RSI have displayed a golden crossover and witnessed a bullish forecast. The histograms have flipped to green, and RSI was heading toward the overbought zone.

WLD Price Formed a Three White Soldiers Pattern on a 1-D Timeframe

WLD crypto traded at $3.10 at press time, increasing by 10.24% in the past 24 hours. Its market capitalization was $860.97 Million, and the fully diluted market cap was $31.10 Billion.

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The 24-hour traded volume of the WLD token was $849.21 Million. According to the trading volume, the WLD ranked 13th in the cryptocurrency market. Its circulating supply was 276,830,874 WLD at press time.

In a daily time frame, the Worldcoin price chart is shaped in a ‘three white soldiers’ pattern. The price has formed a base at the $1.75 territory and bounced back 66% in less than 3 days.

The price surpassed the 20-day EMA and was heading toward the 200-day EMA mark. Buyers might show interest if the digital asset price manages to sustain over the 20-day EMA, and the price may approach the 200-day EMA.

On the other hand, if the WLD price engulfs the previous candlestick, it may generate a lower high. The lower high might attract the sellers for a new lower low.

Is There a Massive Upmove Loading in the WLD Token?

A source on X claims that the Worldcoin price is about to witness a massive upmove after the breakout. The crypto asset price was moving nicely but struggled to trigger a breakout from the falling channel. 

$WLD is Bouncing back Nicely but is not out of the Woods yet.

Expecting Massive Breakout soon. #Crypto #WLD #WLDUSDT pic.twitter.com/i22IYJY894

— Captain Faibik (@CryptoFaibik) July 17, 2024

Strong buying momentum can be seen if the price triggers a breakout from the channel.

WLD Price at a Crucial Breakout Level 

The WLD price surge of 66% in less than 3 days and the formation of a ‘three white soldiers’ pattern indicated potential bullish momentum. The prices have surpassed key moving averages, and indicators like MACD and RSI showed bullish signals, suggesting a possible trend reversal. 

However, it’s important to closely monitor the price action around the 200-day EMA and watch for any potential lower-high formations that may attract sellers.

Technical Levels

The Worldcoin price might face resistance from the $3.00 and $4.50 levels. The price might take support at the $2.15 and $1.75 levels.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.