WLD Coin Showed Pullback: Could It Hit $11 Mark? Analyst Weigh In

• Worldcoin’s price has mounted by 74% in the past 10 days.
• The 24-hour trading volume has increased by 86.65% to $1.99 billion.

Worldcoin (WLD) price chart has displayed a parabolic recovery and smashed the key moving averages. The WLD coin price has exceeded a crucial resistance level of $3 and triggered a pullback. During this cycle, the price has advanced by 122% since November.

The crypto market sentiment is bullish and heading toward a crucial zone of $4.40. Traders and investors need to analyze price behavior in this zone to predict further momentum. Let’s see how the price reacts after this beautiful pullback.

Analysts’ View on Worldcoin Price Rally

Crypto analyst @CryptoTisa1 mentioned that the WLD price has the potential for a bullish rally. The token’s price has managed to defend the 20-day EMA and has formed three indecision candlesticks.

A buying opportunity could be generated if the price forms a bullish marubozu candlestick. Once the price crosses the $4 mark and sustains, buyers might plan for the $11 mark. The analyst has made a strong prediction of WLD coin achieving the $11 mark amis this bull run.

Could WLD Coin Price Reclaim Double-digit Soon?

When writing, the WLD crypto was trading at $4.00, which climbed by 21.19% in a day. Its market capitalization was $2.96 Billion.

The chart structure suggested that the Worldcoin price has kept rising by taking small pullbacks. Smashing the crucial resistance level of $3 could be a bullish sign, and bulls might show interest.

It could invite buyers if the price manages to hold over the $3 level. The WLD price has triggered a pullback and surpassed the recent high, which could be the bulls’ grip.

This pullback could lift the price to the crucial zone of $4.40 in a few hours. If buyers dominate this territory, the price may extend to the $10 in a few weeks or months.

Alternatively, a selling opportunity can be seen if the price starts trading below the $3 level. If the price is sustained below this level, profit booking can be analyzed. Here, profit booking could lead to a strong selling pressure and the price may melt to the $2 level in a few days.

A bullish crossover in the key moving averages has been noticed. The MACD and the Signal line were staying over the Zero line. The histograms have remained green, which indicated the buyers’ grip. Overall, the technical indicated the buying potential in the WLD coin.

Worldcoin Price Analysis and Forecast

WLD Crypto has shown significant price movement and potential for further gains following its recent pullback. The token’s price has held above the key $3 level and a bullish sentiment was prevailed. With this, the WLD coin can extend its rise toward the $4.40 zone.

It can also reach the $10 mark in the coming weeks or months, depending on buyer interest. However, if the price falls below $3, it may trigger selling pressure, leading to further declines.

Therefore, monitoring price behavior in the critical zones will be essential for traders and investors to make informed decisions. Overall, the technical indicators suggest a positive outlook for Worldcoin in the near term.

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.