- Worldcoin price currently trades at $1.57 after reaching a local top of $1.72.
- Investors can expect WLD to pull back to $1.33 before triggering its next bullish leg.
- Invalidation of the bullish thesis will occur on the September 18 swing low at $1.23.
Worldcoin (WLD) price has paused its uptrend as it currently trades at $1.57. This move comes after the altcoin rallied a whopping 77% in just three days, between September 13 and 16. As WLD hovers aimlessly, investors need to be patient to catch the next volatile move.
Worldcoin price needs to collect liquidity
Worldcoin price created two lower highs on September 16 and 23, which marked the pause of its uptrend. As WLD trades around $1.57, investors can expect a small pullback to the downside, where sidelined buyers enter the market, and existing buyers add more to their stack.
The bullish breaker line at $1.33 is where interested investors can enter long positions. A bounce here should send Worldcoin price to tag the $1.60 hurdle. Beyond this level, bulls can expect a retest of the $0.96 to $2.53 range’s midpoint at $1.74. Supporting this bullish move is the Relative Strength Index (RSI) and the Awesome Oscillator (AO), both of which show a steady rise in bullish momentum.
In total, this move would constitute a 30% gain for Worldcoin price.
WLD/USDT 1-day chart
On the other hand, if Worldcoin price fails to hold above the September 18 swing low at $1.23, it would signal weakness. A decisive daily candlestick close below this level would denote a market structure break. In such a case, WLD could revisit the range low at $0.96.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.