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?

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