Worldcoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>WLD crypto price has crossed the significant moving averages and gained momentum.</a></li>
 <li><span>2</span> <a>Buyers have gained traction and are eyeing to breach the neckline mark of $6.</a></li>
</ul>
<p>The<strong> Worldcoin (WLD) price </strong>has regained buying momentum and displayed a rebound from the 200 day EMA mark. The token is past the correction phase and could show a sharp uptick soon.</p>
<p>Additionally, a <strong>double bottom formation</strong> was made and buyers are eager to register the breakout in the coming trading sessions. A break and close above the $6 mark may trigger a sharp rise over 5-10% and will reach the $7 mark soon. At press time, <strong>WLD</strong> traded at $5.961 with an intraday surge of 3.25%, reflecting neutrality on the charts. It has a monthly return ratio of -6.90% and 3866.29% yearly, revealing a long term bullish trend.</p>
<p>The pair of WLD/BTC is at 0.0000973 BTC, and the market cap is $1.25 Billion. Analysts are bullish and suggest that the <strong>Worldcoin price</strong> may register a breakout, if it succeeds to cross and sustain above the $6 mark.</p>
<h2 class="wp-block-heading" id="strong-what-does-price-action-articulate-on-worldcoin-wld-strong"><strong>What Does Price Action Articulate On Worldcoin (WLD)?</strong></h2>
<p>The daily charts of the <strong>WLD coin</strong> showed fresh bull accumulation and the coin has gained momentum in the recent sessions. The price action replicates that, the WLD coin trades near the neckline hurdle of $6.&nbsp;</p>
<p>Moreover, <strong>WLD </strong>has started to form higher high swings and is anticipating a breakout in the coming sessions.</p> <iframe loading="lazy" title="Santiment Chart: Price (WLD), Volume (WLD)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ocean-protocol&amp;pt=OCEAN&amp;df=2023-11-12T18%3A29%3A59.275Z&amp;dt=2024-05-12T18%3A29%3A59.275Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bworldcoin-org%3BWLD%5D%3B%5B1%3Bvolume_usd%3Bworldcoin-org%3BWLD%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Followed by the price surge, the trading volume depicted significant rise in <a href="https://www.thecoinrepublic.com/2024/01/24/investors-are-losing-interest-in-web3-even-in-gaming-space-data/" target="_blank" rel="noopener noreferrer nofollow">investor interes</a>t and noted a surge over 32.28% to $286.49 Million.</p>
<p>Per the <strong>GIOM indicator,</strong> around 50.70% in-the-money holders are in profit, and more than 48% out-of-the-money holders looking to secure the gains near the supply zone of $6.</p>
<p class="has-text-align-center"><strong><img loading="lazy" decoding="async" src="https://lh7-us.googleusercontent.com/CxIHbWzBOu1WUNAtzGadex-QVfTsSFzRHDP-PXlLVRcdMhoNOc0pxzLrgxGoCpevjf9Gjo_52BuozaqlEO5FMPFzfFfGXvp_tYbKZvj35U-fINU81Et7ag9HGLxVIuc1zJlc-SXkW5v-ru7u2Sb7K_c" width="602" height="144"></strong></p>
<p class="has-text-align-center">Source: IntoTheBlock</p>
<p>Meanwhile, this activity might create pressure on the bulls and it will react as a retracement ahead.</p>
<h3 class="wp-block-heading" id="strong-futures-oi-data-signifies-buying-pressure-strong"><strong>Futures OI Data Signifies Buying Pressure</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="225" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-1024x225.png" alt="WLD" class="wp-image-205327" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-1024x225.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-300x66.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-768x169.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-750x165.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140-1140x250.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-140.png 1385w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<p>The intraday derivative segment highlights the fresh long buildup activity and the open interest spiked over 7.87% to $237.47 Million.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-development-activity-outlook-strong"><strong>Social Dominance and Development Activity Outlook</strong></h3>
<p>The social dominance data showcased a slight decline, and the value dropped over 3.25% to 0.049%.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (WLD), Development Activity (WLD)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=ocean-protocol&amp;pt=OCEAN&amp;df=2023-11-12T18%3A29%3A59.275Z&amp;dt=2024-05-12T18%3A29%3A59.275Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bworldcoin-org%3BWLD%5D%3B%5B1%3Bdev_activity%3Bworldcoin-org%3BWLD%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The development activity showed a consistent up move and the value remained flat close to the 50 mark. The data might trigger the positive outlook and the coin may trigger the bull rally soon.</p>
<p>The immediate support levels for <strong>WLD </strong>is $5.50 and $5, whereas the key upside hurdle is around $6.20 followed by $6.80.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p><strong>Worldcoin (WLD)</strong> price highlights the fresh bull accumulation and is signifying buying pressure. Moreover, <strong>WLD</strong> crypto might trigger the bull rally and will outperform in the next sessions.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Worldcoin Made Double Bottom: Can WLD Register Breakout Ahead?

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