After a failure from the $2.727 resistance level, the price of Worldcoin decreased by 10%; nonetheless, it continues to be broadly positive and is moving in an upward trend.
If the $2.314 midline of the bullish technical pattern continues to serve as support, WLD might experience a 23% increase to $3,000 in price.
An optimistic outlook is being expressed as a result of the Worldcoin ecosystem's commitment to the resilience, pervasive nature, and impartial nature that are hallmarks of the internet.
In the event that a decisive candlestick closure occurs below the $2.154 support level, the bullish thesis will thus be rendered incorrect.
Worldcoin (WLD) price is now trading with a positive bias, despite the fact that it shown some weakness during the trading session that took place on December 11. The artificial intelligence cryptocurrency coin is currently at a crossroads, and the next move will be determined by how the bulls play their hand from this point forward.
Worldcoin is comparable to the internet in terms of its robustness, widespreadness, and neutrality.
During a post on crypto X, Worldcoin brought attention to the fact that the ecosystem "must ultimately be as robust, widespread, and neutral as the internet itself." Following a year that was fraught with difficulties for the network, which included dealing with authorities from a variety of places, the statement makes its appearance.
In the most recent instance, the overflows that resulted from the OpenAI leadership story were a positive sign for Worldcoin. These overflows inspired some buying enthusiasm, as the WLD community sided behind Sam Altman, the face of the firm.
The forecast for the price of Worldcoin as investors of WLD continue to defend their optimistic stance
After experiencing a drop of ten percent, the price of Worldcoin has maintained its position and is consolidating inside a rising parallel channel. It is anticipated that the value will improve as long as the price action continues to develop within the constraints of this positive technical pattern.
In the event that there is an increase in purchasing pressure above the present levels, the price of Worldcoin may move upward, with the possibility of breaking through the $2.727 resistance level with the failure of one attempt. It is possible that this would pave the way for an extension to the psychological level of $3,000, which would constitute a 25% ascend over the levels that are now in place.
In spite of the fact that the Relative Strength Index (RSI) has been moving in a downward direction, the fact that it is currently located above the 50 level is sufficient evidence. This is supported by the Awesome Oscillator (AO)'s presence in the positive region.
At the other end of the spectrum, increased seller momentum has the ability to drop the price of Worldcoin below the midline of the ascending channel, which may potentially turn the $2.314 support floor into resistance. In the worst-case scenario, the value of the WLD market might fall to the point where it tests the $2.154 support level. If the market were to break and close below this level, it would most likely invalidate the growing optimistic view.
