Worldcoin Price Prediction: Is WLD done with uptrend after 77% rally?
- 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.
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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.
Author
Akash Girimath
FXStreet
Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.
