- WLD has gained more than 30%, rebounding strongly from its $1.5 support level.
- Surging whale and trading activity indicate bullish momentum, positioning its for gains beyond the $2.5 resistance.
As a seasoned analyst with years of experience navigating the tumultuous seas of the crypto market, I can confidently say that Worldcoin [WLD] is making waves that are hard to ignore. With its impressive 30% rebound from the $1.5 support level and the surging bullish momentum, WLD is poised for gains beyond the $2.5 resistance.
Worldcoin (WLD) is demonstrating remarkable resilience, climbing up the ranks among the top cryptocurrencies. Notably, this alternative coin has made a strong comeback, rising approximately 30% after finding solid footing at its crucial support level of $1.5.
At the current moment, according to CoinMarketCap’s latest update, Worldcoin’s value stands at approximately $2.14, causing widespread interest among various market players.
Behind the Worldcoin surge…
The recent rally for WLD wasn’t solely driven by price fluctuations; it was also influenced by favorable on-chain and fundamental factors. At the moment, the trading volume of WLD has soared impressively to reach approximately $670 million, representing a significant jump of 68% over the past day.
This surge in activity indicates growing market confidence and participation.
According to an analysis by AMBCrypto using data from IntoTheBlock, the standout feature is a substantial surge of 366% in whale involvement.
Historically, when crypto whales make waves, the market tends to follow.
For the situation of WLD, a surge in 366% of significant transactions suggests that major investors might be returning to the market, possibly hinting at their faith in WLD’s future price trend.
At the same time, trading activity is growing rapidly, which strengthens optimistic feelings. Similarly, WLD’s active address count has grown by 31%, suggesting potential price fluctuations. This increased trading activity often brings volatility and pushes prices upwards.
Due to heightened market turbulence and strong optimism, the price of WLD might continue climbing towards the potential milestone of $2.5 or even a more challenging resistance level.
Liquidation pool insights
Beyond that, the significant reserve of 632K dollars’ worth of WLD, strategically placed at the $2.33 mark, further strengthens the positive outlook for the asset.
This liquidation pool may act as a price magnet to pull Worldcoin’s price higher in the short run.
What is ahead for WLD?
The combination of these positive indicators – increasing whale activity and transaction volumes, along with smart liquidity management – strongly suggests that Worldcoin’s upward trend will persist.
Realistic or not, here’s WLD market cap in BTC’s terms
Worldcoin seems poised for a strong attempt at overcoming the $2.5 resistance barrier, given its current positive trajectory.
A successful breakthrough might lead us to uncharted pricing areas, signifying a fresh episode in Worldwide Ltd’s market storyline.
Read More
- DYM PREDICTION. DYM cryptocurrency
- CYBER PREDICTION. CYBER cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- SKEY PREDICTION. SKEY cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- RUNE PREDICTION. RUNE cryptocurrency
- JESUS/USD
- Top gainers and losers
- EURC PREDICTION. EURC cryptocurrency
2024-11-12 07:04