Worldcoin (WLD) has been catching the attention of traders lately with its consistent upward movement, and the latest price action shows a significant rally that broke through key resistance levels. But is this momentum sustainable, or are we in for a pullback? Let’s dive into the technicals and explore what’s next for WLD. 🚀
Worldcoin (WLD) has been catching the attention of traders lately with its consistent upward movement, and the latest price action shows a significant rally that broke through key resistance levels. But is this momentum sustainable, or are we in for a pullback? Let’s dive into the technicals and explore what’s next for WLD. 🚀
Support and Resistance Levels
Looking at the 1-hour chart, WLD recently hit a high of 2.144 before slightly retracing to 2.108. It's clear that the coin has gained bullish momentum, with the price now sitting above key moving averages.
- Immediate Support: The 7-period moving average (MA) is at 2.110, providing immediate support as the price consolidates near this level. If this breaks, the next significant support is around the 25-period MA.
- Stronger Support: The 25-period moving average at 1.928 represents a more stable support zone. If the price corrects further, this would be a critical level to watch.
- Resistance: The recent peak at 2.144 now serves as resistance. If WLD manages to break through this, the next target could be 2.200 or higher.
MACD and Volume Analysis: Bullish Momentum Continues
The MACD indicator paints a bullish picture. The blue MACD line is well above the orange signal line, showing strong upward momentum. Additionally, the histogram is printing green bars, further confirming the ongoing bullish trend. However, it's important to keep an eye on whether the MACD lines start to converge, as this could indicate weakening momentum.
Volume has also seen a significant uptick, especially during the recent price surge. This volume increase supports the upward movement, indicating that buyers are stepping in with confidence. 
