#اخبار_الكريبتو_العاجلة #اقتصاد_الشرق #عملات_رقمية #wct $SOL
The price of Worldcoin has risen by 74% to reach $2.
The trading volume of Worldcoin has seen massive growth exceeding 245%.
Digital assets woke up to a downward wave, and later, with a slight rise, a minor increase contributed to a brief rise in all tokens. With the Fear and Greed Index holding steady at 44, the market remains neutral. All major assets are seeking to rise, including Bitcoin and Ethereum.
Among digital assets, Worldcoin (WLD) has chosen to ascend, recording the strongest upward trend, having risen by over 74.53%. In the morning hours, Worldcoin traded at its lowest level of $1.22. Gradually, the resilient upward pressure on the asset pushed its price to a peak of $2.14.
Furthermore, Worldcoin has tested and broken the key resistance level between $1.28 and $2.08, confirming the potential for a breakout. According to CMC data, at the time of writing this report, the trading price of Worldcoin was approximately $2.09, with a market capitalization of $4.20 billion.
The daily trading volume of the coin has increased by over 245%, reaching a threshold of $4.30 billion. According to Coinglass data, the market saw a liquidation of $31.27 million from Worldcoin in the last 24 hours.
Will the rise of Worldcoin continue?
The technical analysis of the Worldcoin chart indicates that the Moving Average Convergence Divergence (MACD) line has crossed above the signal line. This crossover suggests increasing bullish momentum in the market and is considered a potential entry point for long positions.
Additionally, the Chaikin Money Flow (CMF) indicator for WLD is at 0.24, indicating a strong bullish signal. It is noted that buying pressure is dominant, with a significant inflow of capital into the asset. The closer the value gets to +1, the stronger the buying power.
The four-hour price chart of the asset clearly shows the continued upward correction, and the price may rise to its resistance level at around $2.16. However, with further gains, bulls may indicate the emergence of a golden crossover and push the price of Worldcoin above the level of $2.23.
Assuming a downward momentum shift occurs, this could lead to a decline in the price of Worldcoin towards the range of $2.02. An extended downward correction may result in a deadly crossover, and bulls would drive the asset price below the level of $1.95.
The WLD market is currently experiencing a state of overbought conditions, with the daily Relative Strength Index (RSI) stabilizing at 95.84. This extremely high value indicates the likelihood of a pullback or correction. The Bull Bear Power (BBP) reading for Worldcoin at 1.084 indicates bulls are currently dominant. A rise in value may show signs of exhaustion.
