- Worldcoin’s price surged by 3.75%, reaching $2.55 with a market cap of $2.2B.
- 24-hour trading volume increased by 170%, signaling heightened investor interest.
Worldcoin (WLD) reached $2.79 and is currently trading at $2.55, ranked #60 in the cryptocurrency market with a market cap of $2.2 billion, reflecting a 4.26% increase. Over the past 24 hours, WLD saw a surge of 3.75%, and its trading volume skyrocketed by 170.28%, reaching $711.07 million.
This surge in volume indicates increased investor interest, with the 24-hour market cap ratio standing at 32.36%. The total supply of Worldcoin is capped at 10 billion WLD, with a circulating supply of 864.73 million WLD. The fully diluted valuation (FDV) stands at $25.51 billion, signaling potential growth.
Key Levels Show Bullish Signals
In terms of technical indicators, Worldcoin’s price is currently at a pivotal point. Resistance levels are crucial to watch. If WLD breaks the $2.60 resistance, the price could move higher toward the next resistance near $3.00.
However, if it fails to break these levels, a potential pullback to the support level at $2.40 could occur. The Relative Strength Index (RSI) is currently at 60, which suggests that WLD is neither overbought nor oversold, maintaining a neutral market sentiment. The RSI average supports this view, indicating that the market is balanced for now.
Looking at the moving averages, the 50-day moving average (MA) is currently above the 200-day moving average, a bullish sign. This crossover indicates that the price could continue its upward momentum in the short term.
If the price moves past the resistance levels, this bullish trend could intensify. On the other hand, if WLD fails to maintain its support levels, the market could experience a bearish phase, with the potential for the price to fall towards lower support levels.
Worldcoin’s technical indicators point to a balanced market in the short term, with opportunities for growth if resistance levels break. Traders should keep an eye on key price levels, as a breach of support or resistance could lead to significant price moves.
With increasing trading volume and strong market interest, Worldcoin shows promise for the near future. However, continued monitoring of resistance, support, and moving averages will be essential in determining its next moves.
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