bullish

Worldcoin

Resistance

World ID

<ul class="wp-block-list">
 <li>WLD price rose 5.93% to $1.68 after rebounding from $1.475 support.</li>
 <li>Market sentiment was boosted by a 50 bps rate cut, driving bullish momentum.</li>
</ul>
Worldcoin (WLD) is <a href="https://coinmarketcap.com/currencies/worldcoin-org/" target="_blank" rel="noopener noreferrer nofollow">currently</a> trading at $1.68, marking a 5.93% increase in the last 24 hours, driven by improving market sentiment. The recent price movement followed a bounce from the previous support at $1.475, suggesting renewed bullish momentum. The broader market has responded positively to a 50 basis point (bps) rate cut announcement, which has sparked optimism across risk assets, including WLD.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="503" src="https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-23-175724-1024x503.png" alt="" class="wp-image-108766" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-23-175724-1024x503.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-23-175724-300x147.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-23-175724-768x377.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-23-175724.png 1271w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 (Source: <a href="https://app.santiment.net/charts/0_ZrW3bg__sCl" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>)
 </figcaption>
 </figure>
</div>
WLD is currently positioned in a favorable technical environment. With strong resistance at $1.849 and the potential to test $1.990 if the momentum continues. However, market volatility remains a key factor, and traders should monitor how WLD responds to broader market trends and developments. WLD’s market cap has risen 6.62%, reaching $777 million. The trading volume has surged by 86.74% to $171.6 million, pointing to growing interest from investors. With a market cap ratio of 22.02%, Worldcoin shows strong liquidity, which is crucial for maintaining upward momentum.
Key resistance levels for WLD are observed at $1.849 and $1.990, while the immediate support level remains at $1.475. Technically, WLD’s Relative Strength Index (RSI) is at 57.70, higher than the average RSI of 50.07, indicating a potential <a href="https://thenewscrypto.com/can-ethereum-eth-leverage-bullish-signals-to-spark-a-rally/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> trend. The token’s moving average of $1.559 further supports the notion of an upward trajectory in the short term.
<h3 class="wp-block-heading" id="h-recent-developments-driving-wld">Recent Developments Driving WLD</h3>
Worldcoin has recently made significant strides, including the introduction of its facial recognition system on Sep 20 , “Face Auth”. It aims to enhance security for users of its <a href="https://x.com/worldappsupport" target="_blank" rel="noopener noreferrer nofollow">World App</a>. This innovation has led to a 7% increase in WLD’s price. This technology offers improved fraud detection for users on decentralized platforms.​
Additionally, Worldcoin’s expansion into Poland with its World ID system has driven <a href="https://thenewscrypto.com/market-analyst-jamie-coutts-predicts-55-decline-before-crypto-bull-run/" target="_blank" rel="noopener noreferrer nofollow">market </a>interest, as it allows users to verify their identity in a privacy-preserving way. This integration has positively impacted WLD’s price, contributing to a 2.81% surge in the past week​.
Highlighted Crypto News Today <a href="https://thenewscrypto.com/is-xrp-price-up-for-a-bullish-upswing-or-a-bearish-dip/" target="_blank" rel="noopener noreferrer nofollow">Is XRP Price Up for a Bullish Upswing or a Bearish Dip?</a>

Can Worldcoin (WLD) Break Resistance After Recent Market Rally?

Table of Contents

TheNewsCrypto

Other articles published on Sep 23, 2024

Nigeria Celebrates Landmark Moments Amid Major Crypto Regulatory Shifts

Early Shiba Inu Investor Reaps $1 Million Profit from NEIRO Bet

Analis Ungkap Prediksi Bitcoin Tembus US$85.000 dalam Waktu dekat

TON Foundation Partners with Curve Finance to Launch Stablecoin Swap Project

Vice President Kamala Harris Vows to Support Crypto If Elected in 2024

BREAKING: Coinbase Announces Third Altcoin Listing – Here’s That Unexpected Altcoin!

Join our free newsletter for daily crypto updates!