bullish

Worldcoin

Momentum

<ul class="wp-block-list">
 <li>Worldcoin (WLD) price rose 6.10% in the past 24 hours, now at $1.503.</li>
 <li>The daily trading volume surged 100.86%.</li>
</ul>
Worldcoin (WLD) experienced a significant <a href="https://thenewscrypto.com/bybit-tops-token-price-surges-with-2700-day-1-listings/" target="_blank" rel="noopener noreferrer nofollow">surge</a>, with its price currently sitting at $1.503, reflecting a 6.10% gain in the last 24 hours. The market cap is up to $643.4 million, representing a 5.74% rise. The 24-hour trading volume has also increased significantly, up by 100.86% to $192.38 million.
The WLD price surge can also be attributed to its growing adoption, fueled by announcements of strategic partnerships and exchange listings, including <a href="https://x.com/upbitglobal" target="_blank" rel="noopener noreferrer nofollow">Upbit.</a> This adds to the liquidity and visibility of the token, further driving up investor interest.
However, concerns regarding Worldcoin’s tokenomics have surfaced. A recent report points out the centralized token distribution, where investors control a significant portion of the supply. This concentration raises questions about sustainability and long-term price growth. A prominent<a href="https://x.com/AltbriMarius/status/1834000864161476992" target="_blank" rel="noopener noreferrer nofollow"> investor</a> mentioned that while the current price growth is promising, tokenomics leaves much to be desired for decentralized enthusiasts.
<h3 class="wp-block-heading" id="h-worldcoin-wld-technical-analysis">Worldcoin (WLD) Technical Analysis</h3>
The market/volume ratio of 29.81 indicates strong trading activity. This rise in volume suggests growing interest among investors. The Relative Strength Index (RSI) stands at 53.48, indicating neutral momentum. An RSI between 30 and 70 often signals that the market isn’t oversold or overbought, meaning further price shifts could be more gradual.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="441" src="https://thenewscrypto.com/wp-content/uploads/2024/09/WLDUSDT_2024-09-13_15-49-57-1024x441.png" alt="" class="wp-image-107976" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/WLDUSDT_2024-09-13_15-49-57-1024x441.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/09/WLDUSDT_2024-09-13_15-49-57-300x129.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/09/WLDUSDT_2024-09-13_15-49-57-768x330.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/09/WLDUSDT_2024-09-13_15-49-57.png 1434w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Worldcoin (WLD) Price Chart (Source:&nbsp;<a href="https://in.tradingview.com/symbols/XRPUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Worldcoin is facing resistance near $1.506, which could be a key level to watch in the coming hours. If it breaks past this level, the next significant resistance could be at $1.509.On the downside, the key support level is around $1.498. A break below that could take the price down to the second support at $1.494.The market outlook remains cautiously optimistic, with analysts advising traders to monitor key resistance and support levels closely. Moreover, the 50-day moving average shows <a href="https://thenewscrypto.com/xrp-sees-bullish-signs-amid-the-price-dip/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> momentum, with the token pushing beyond key resistance levels. Investors have grown increasingly optimistic about WLD as market sentiment shifts in favor of biometric-backed technologies, contributing to the rally.
Highlighted Crypto News Today <a href="https://thenewscrypto.com/treasure-dao-to-vote-on-moving-web3-games-to-zksync-network/" target="_blank" rel="noopener noreferrer nofollow">Treasure DAO to Vote on Moving Web3 Games to ZKsync Network</a>

Can Worldcoin (WLD) Sustain Momentum After Two-Week High?

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